comprehensive annual financial report - pima...
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Pima County, ArizonaFor the Fiscal Year Ended June 30, 2014
2014Comprehensive Annual
Financial Report
PIMA COUNTY, ARIZONA COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2014
BOARD OF SUPERVISORS
Sharon Bronson Chair
District #3 Richard Elias
Vice Chair District #5
Ally MillerDistrict #1
Ray Carroll District #4
Ramón Valadez District #2
COUNTY ADMINISTRATOR
C. H. Huckelberry
Prepared by the Department of Finance and Risk Management
Tom Burke, Director
Michelle Campagne, Deputy Director Ellen Moulton, Deputy Director
Paul J. Guerrero, CPA, Division Manager Financial Control & Reporting
Supervisors
Emilia Eveningred Blanca Rossetti Pete Rodriguez
Accountants
Linda Baldazo Susan A. Brown, CPA
Kayci Cagle Brenda DeBoo-Nicely
Valentin R. Dominguez, CPA Linda House
Chih-Yu Lee, CPAJanet Mabon
Ryan J. Maese Lorraine Nuñez
Janet Peete Alex C. Ramires Phil Schroeck
Jennifer Serrano Phillip Summersett
James D. Weingart, CMA
PIMA COUNTY, ARIZONAComprehensive Annual Financial Report
For the Year Ended June 30, 2014
A. MANAGEMENT'S DISCUSSION AND ANALYSIS (required supplementary information)
15 - 33
B.
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements Statement of Net Position
A-1
35 Statement of Activities A-2 36 - 37
Governmental Fund Financial Statements (Major and Other)
Balance Sheet - Governmental Funds Reconciliation of the Balance Sheet of Governmental Funds to the
Statement of Net Position
A-3
A-4
38
39
TABLE OF CONTENTS
Exhibit Page
I. INTRODUCTORY SECTION Letter of Transmittal 1 - 7 Certificate of Achievement for Excellence in Financial Reporting 8 Organizational Chart 9
II. FINANCIAL SECTION Independent Auditors' Report 11 - 13
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds A-5 40
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities A-6 41
Proprietary Fund Financial Statements (Major and Other)
Statement of Net Position - Proprietary Funds A-7 42Statement of Revenues, Expenses and Changes in Fund Net
Position - Proprietary Funds A-8 43Statement of Cash Flows - Proprietary Funds A-9 44 - 45
Fiduciary Fund Financial Statements Statement of Fiduciary Net Position - Fiduciary Funds A-10 46Statement of Changes in Fiduciary Net Position - Fiduciary Funds A-11 47
PIMA COUNTY, ARIZONAComprehensive Annual Financial Report
For the Year Ended June 30, 2014
Capital Projects Fund C-3 93Debt Service Fund C-4 94Transportation - Special Revenue Fund C-5 95Health - Special Revenue Fund C-6 96Regional Flood Control - Special Revenue Fund C-7 97Other - Special Revenue Fund C-8 98Other Grants - Special Revenue Fund C-9 99Office of Emergency Management’s Radio System – Special Revenue Fund C-10 100School Reserve - Special Revenue Fund C-11 101Environmental Quality - Special Revenue Fund C-12 102Solid Waste - Special Revenue Fund C-13 103Library District - Special Revenue Fund C-14 104Stadium District - Special Revenue Fund C-15 105Street Lighting Districts C-16 106
Table of Contents (continued)
Exhibit Page
Notes to Financial Statements Note 1: Summary of significant accounting policies 48 - 54
Note 2: Fund balance classifications of the governmental funds 55
Note 3: Cash and investments 56 - 59
Note 4: Due from other governments 60
Note 5: Capital assets 61 - 62
Note 6: Claims, judgments and risk management 63 - 64
Note 7: Long-term liabilities 65 - 74
Note 8: Landfill liabilities 75
Note 9: Pension and other post employment benefits 76 - 80
Note 10: Interfund transactions 81
Note 11: Construction and other significant commitments 82
Note 12: Deficit fund balances 82
C. REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN
MANAGEMENT'S DISCUSSION AND ANALYSIS
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
B-1
83
Notes to Schedule of Revenues, Expenditures and Changes in Fund Balance
- Budget and Actual - General Fund
84
Schedule of Agent Retirement Plans' Funding Progress B-2
85
D.
COMBINING STATEMENTS AND OTHER SCHEDULES
Other (Nonmajor) Governmental Funds Combining Balance Sheet - Nonmajor Governmental Funds C-1
88 - 89
Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Governmental Funds C-2
90 - 91
Schedule of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - Other Governmental Funds
PIMA COUNTY, ARIZONAComprehensive Annual Financial Report
For the Year Ended June 30, 2014
Table of Contents (continued)
Exhibit Page
Other (Nonmajor) Enterprise Funds Combining Statement of Net Position - Nonmajor Enterprise Funds C-17 107Combining Statement of Revenues, Expenses and Changes in Fund
Net Position - Nonmajor Enterprise Funds C-18 108Combining Statement of Cash Flows - Nonmajor Enterprise Funds C-19 109- 110
Internal Service Funds Combining Statement of Net Position - Internal Service Funds C-20 111Combining Statement of Revenues, Expenses and Changes in Fund
Net Position - Internal Service Funds C-21 112Combining Statement of Cash Flows - Internal Service Funds C-22 113 - 114
Fiduciary Funds Combining Statement of Fiduciary Net Position - Investment
Trust Funds C-23 115 Combining Statement of Changes in Fiduciary Net Position -
Investment Trust Funds C-24 116Combining Statement of Fiduciary Net Position - Agency Funds C-25 117Combining Statement of Changes in Fiduciary Net
Position - Agency Funds C-26 118
III. STATISTICAL SECTION Financial Trends Information D-1 through 4 119 - 123
Net position by component Changes in net position Fund balance - governmental funds Changes in fund balances - governmental funds
Revenue Capacity Information D-5 through 12 125 - 136 Taxable assessed value and estimated actual value of property Direct and overlapping property tax rates Direct and overlapping property tax rates - school districts Principal property taxpayers Real property tax levies and collections Assessed, limited and full cash (secondary) value of
taxable property Comparative net valuations and tax rates Historical collections - hotel excise tax, car rental
surcharge and recreational vehicle tax Streets and highways revenue
PIMA COUNTY, ARIZONAComprehensive Annual Financial Report
For the Year Ended June 30, 2014
Table of Contents (continued)
Exhibit Page
Debt Capacity Information D-13 through 19 137 - 145 Ratios of outstanding debt by type to personal income and per
capita Ratio of net general bonded debt to assessed value and net bonded
debt per capita Ratio of direct and overlapping debt to property values and
per capita Computation of direct and overlapping governmental activities
debt outstanding Legal debt margin Regional Wastewater Reclamation pledged sewer
revenue debt coverage Transportation revenue bonds - pledged revenue bond coverage Lease, lease-purchase, installment notes payable and purchase
agreements Ratio of annual debt service expenditures for general bonded debt
to total general expenditures
Demographic and Economic Information D-20 through 26 147 - 154
Demographic and economic statistics Principal employers Population and employment Transportation and real estate Economic indicators by calendar year Population statistics Average annual jail population
Operating Information D-27 through 29 155 - 157 Employees by function Operating indicators by program Capital assets and infrastructure by program
INTR
OD
UC
TION
PIMA COUNTY
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2014
INTRODUCTORY SECTION
Letter of Transmittal
Certificate of Achievement for Excellence in Financial Reporting
Organizational Chart FINANCIAL SECTION STATISTICAL SECTION
INTRODUCTORY SECTION
The purpose of the Introductory Section in a comprehensive annual financial report (CAFR) is to familiarize readers with the organizational structure of the government, the nature and scope of the services it provides, and the specifics of its legal operating environment.
December 5, 2014
To the Honorable Board of Supervisors and Citizens of Pima County, Arizona:
We are pleased to submit the Comprehensive Annual Financial Report (CAFR) of Pima County for the fiscal year ended June 30, 2014. This report presents comprehensive financial and operating information about the County’s activities for the fiscal year.
We believe that the financial information, as presented, is accurate in all material aspects; that it is presented in a manner designed to openly disclose the financial position and results of operations of the County as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the County’s financial affairs have been included. Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. The State of Arizona Office of the Auditor General is required to audit financial transactions and accounts kept by counties. The Auditor General has issued an unmodified (“clean”) opinion on the Pima County financial statements for the year ended June 30, 2014. The Auditor General’s report is located at the front of the financial section of this report.
Management’s discussion and analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. The MD&A complements this letter of transmittal and should be read in conjunction with it.
The Comprehensive Annual Financial Report consists of three sections:
The INTRODUCTORY section describes the organizational structure of the County, the nature and scopeof its services, and the specifics of its legal operating environment.
The FINANCIAL section includes the Auditor General’s report, the MD&A, the audited basic financialstatements, the notes to the statements, and required supplementary information necessary to fairly presentthe financial position and results of operations of the County in conformity with generally acceptedaccounting principles.
The STATISTICAL section contains comprehensive statistical data on the County’s financial, physical,economic, and demographic characteristics.
PIMA COUNTY GOVERNMENTAL CENTER130 W. CONGRESS, FLOOR 10, TUCSON, AZ 85701-1317
(520) 724-8661 FAX (520) 724-8171
COUNTY ADMINISTRATOR’
C.H. HUCKEL’’’’’’BERRY
County Administrator
’S OFFICE
Pima County Profile
Covering an area of approximately 9,200 square miles, Pima County is one of the oldest continuously inhabited areas of the United States. It is situated in the southern part of Arizona with a portion of its southern boundary bordering Mexico. Created in 1864, Pima County includes a large portion of southern Arizona acquired from Mexico by the Gadsden Purchase of 1854. Pima County has purchased thousands of acres of open space and ranches to preserve and protect the stunning landscapes and historic and cultural sites. The County’s population has grown from 395 in 1820 to an estimated population of slightly more than one million in 2014, according to the Arizona Department of Administration, Office of Employment and Population Statistics. The County has a vibrant multicultural diversity. A major commercial and academic hub, Pima County is home to Tucson, the second largest city in Arizona. Although the County has five incorporated cities and towns, more than a third of the population lives outside of any incorporated cities or towns.
A five-member Board of Supervisors is responsible for implementing the County’s governmental and administrative affairs. Each member is elected from a designated district to serve a four-year term. The chairman is selected by the Board from among its members. The Board is responsible for establishing the policies of the County, which provide guidance to the various County constitutional officers and departments. The Board has the legal authority and responsibility to establish spending limits and approve the budgets of all County departments, and also sets the amount of taxes to be levied. The Board appoints a County Administrator who is responsible for the general administrative and overall operations of the various departments of the County. The County has several other elected officials including the Assessor, County Attorney, Recorder, Sheriff, Clerk of the Superior Court, the Constables, Superintendent of Schools, Treasurer, and Judges for the Superior Courts, Juvenile Courts, and Justice Courts.
Pima County includes in its financial statements all funds, agencies, boards, commissions, and authorities for which the Pima County Board of Supervisors is financially accountable. As the primary government, Pima County is financially accountable if it appoints a voting majority of an organization’s governing body and either it is able to impose its will on that organization or a potential exists for that organization to provide specific benefits to, or impose specific financial burdens on, Pima County. Additionally, the County may be financially accountable if an organization is fiscally dependent on the County.
Pima County offers a wide variety of governmental services that are organized into the following functional areas:
General Government Services primarily provides internal administrative and support services to Countydepartments directly serving the public. The departments comprising this function include the Assessor;Board of Supervisors; Clerk of the Board; Communications Office; County Administrator; Elections;Facilities Management; Finance and Risk Management; Human Resources; Information Technology;Office of Emergency Management and Homeland Security; Office of Sustainability and Conservation;Procurement; Recorder; and Treasurer.
Community Resources provides educational, cultural, social, economic development and recreationalprograms to the public. The departments in this functional area are Community and EconomicDevelopment Administration; Community Development and Neighborhood Conservation; CommunityServices, Employment and Training; County Free Library; Economic Development and Tourism; KinoSports Complex; Natural Resources, Parks and Recreation; School Superintendent; and the StadiumDistrict.
Justice and Law provides public safety, felony and misdemeanor investigation and prosecution, andservices for victims, witnesses, and those needing fiduciary assistance. Services are also provided in theareas of indigent defense, civil representation, correctional housing, and juvenile detention. Thedepartments within this area are the Clerk of the Superior Court; Constables; County Attorney; ForensicScience Center; Justice Courts; Juvenile Court; Legal Defender; Office of Court Appointed Counsel;Public Defender; Public Fiduciary; Sheriff; and Superior Court.
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Health Services provides various public health, sanitation, and animal control services, as well as medicalassistance to indigents. The component departments are Environmental Quality; Health; and Office ofMedical Services.
Public Works provides construction, operations, and maintenance services related to the County’sinfrastructure and related planning and environmental issues. The departments within this area are CapitalProjects; Development Services; Public Works Administration; Regional Flood Control District; RegionalWastewater Reclamation; and Transportation.
Pima County is responsible for reporting the financial activities of its component units. These units are either discretely presented or blended. Although they are separate legal entities, blended component units are substantially a part of the County’s financial activities and are combined with data for the County.
The County’s component units include the following:
The Pima County Stadium District, the Regional Flood Control District, the Library District, and the StreetLighting Districts are reported as blended component units in special revenue funds in the accompanyingfinancial statements.
The Southwestern Fair Commission is reported as a separate component unit (discrete presentation) in theaccompanying financial statements.
Additional information on the legally separate entities and the blended component units can be found in the notes to the financial statements (see Note 1).
The County also has various independently governed school districts, irrigation districts, fire districts, and a health district (Ajo-Lukeville) and other entities for which the County is not financially accountable. These entities include the Industrial Development Authority, Pima Association of Governments, Pima Council on Aging, the Workforce Investment Board, Regional Transportation Authority, and the Tucson Regional Economic Opportunity, Inc. The financial statements of such districts and entities are not included in the accompanying financial statements except to reflect amounts held in a fiduciary capacity by the County Treasurer.
Following receipt from the County Administrator’s Recommended Budget and public discussion of the Recommended Budget, the Board of Supervisors historically adopts a budget in June, and must adopt a budget on or before the first Monday in August. The Adopted Budget sets a ceiling on expenditures that may be incurred for the County as a whole. This annual budget serves as the foundation for Pima County’s financial planning and control. Pima County has implemented a program-oriented presentation of its budget. All departments are budgeted on a cost unit/object line item basis. Departments may modify line item amounts within their own budgets provided the total program budgeted amount remains unchanged. Changes to the adopted budget that require a transfer between funds are evaluated by the County Administrator prior to recommendation of approval to the Board of Supervisors. Should the County Administrator recommend the change to the Board of Supervisors, the recommendation will be considered at a regularly scheduled, open meeting of the Board.
On an annual basis, the County Administrator’s office prepares a five-year Capital Improvement Plan and a one-year Capital Improvement Budget.
Economic Outlook
Pima County’s major employers are the University of Arizona, Raytheon Missile Systems, State of Arizona, and Davis-Monthan Air Force Base. Major manufacturers include IBM, Ventana Medical Systems and several aerospace and aircraft companies including Raytheon Missile Systems, Bombardier Aerospace, and Honeywell Aerospace. Employment by industry is led by government; educational and health services; trade, transportation and utilities; professional and business services; and leisure and hospitality. The Pima County unemployment rate has decreased from a five year high in 2010 of 9.4% to 7.0% in 2013. This is a greater decrease than the national
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unemployment rate which was 9.6% in 2010 and had fallen to 7.4% in 2013. Over half of Pima County’s population is in the prime working age range of 18 to 54.
A sunny, mild, dry climate with an average temperature of 71°F and a unique desert location help promote travel and tourism as a major industry in Pima County. Spending by visitors generates sales in lodging, food services, recreation, transportation, and retail businesses. These sales support jobs for Pima County residents and contribute tax revenues to local and state governments. According to recent research data released by the Arizona Office of Tourism, Pima County direct travel spending generated approximately $2.67 million (13.5% of Arizona direct travel spending) in 2013. This direct travel spending generated over 22,000 direct jobs, $577 million in direct earnings and over $207 million in local and state tax revenues. Unlike other industries, taxes generated by travel industry spending are paid by visitors rather than residents. These visitors bring new money into Pima County’s economy and generate revenue in the County. Some of the best world-class attractions in Arizona are found in Pima County, such as the Arizona-Sonora Desert Museum and the Pima Air and Space Museum. There are several signature events which draw many tourists to the area and have a significant economic impact on the County, including the following:
The area’s largest annual event is the two-week Tucson Gem, Mineral and Fossil Showcase, the largestevent of its kind in the world, which attracts an estimated 55,000 people to Tucson and has an estimatedeconomic impact of $120 million.
The annual El Tour de Tucson is Southern Arizona’s largest bicycling event, attracting more than 9,000cyclists and 30,000 spectators. El Tour’s annual economic impact is estimated to be $13 - $20 million onride weekend alone and $50 - $70 million year-round.
A 2014 Forbes magazine article highlighted Tucson and its 2009 Regional Plan for Bicycling with its identification of 170 miles of potential “Bicycle Boulevards”. Bicycle commuting has recently increased 58 percent and the city now boasts an excellent network of bike lanes stretching 610 miles. The County has completed about 75% of the 131 miles of the Loop, shared-use paths for residents and visitors on foot, bikes, skates, and horses connecting various parts of the Tucson area.
Please refer to the MD&A beginning on page 15 for additional information regarding the County’s economic outlook.
Capital Improvement Plan
The Adopted Budget for fiscal year 2014-2015 includes $232 million for its Capital Improvement Plan (CIP). Under this plan, four departments comprise 80% of the total CIP budget as follows:
Regional Wastewater Reclamation, with a budget of $84 million
Transportation, with a budget of $62 million
Facilities Management, with a budget of $34 million
Regional Flood Control District, with a budget of $15 million
Regional Wastewater Reclamation – After nearly a decade of planning and implementation, the Regional Wastewater Reclamation Department (RWRD) has completed all the mandated projects in the regulatory-driven Regional Optimization Master Plan (ROMP). ROMP is a master plan designed and constructed to expand and upgrade infrastructure to meet new and current environmental regulatory requirements mandated by the Arizona Department of Environmental Quality (ADEQ) as well as potential future requirements. It also provides for the wastewater capacity needs of the community for the next several decades. With the entire regulatory-required infrastructure now in operation, work on other ROMP-related projects is well underway.
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Regional Wastewater Reclamation major projects for fiscal year 2014-2015 include the following:
Minor Rehabilitation Projects are budgeted for $9.9 million.
South Rillito West Central Interceptor Rehabilitation Project is budgeted for $8.7 million.
North Rillito Interceptor Rehabilitation Project is budgeted for $7.9 million
Conveyance Rehabilitation Program is budgeted for $6.9 million.
Transportation - The Department of Transportation projects are funded by highway user revenues, vehicle license tax revenues and from funding received from the Pima County Regional Transportation Authority, a taxing entity distinct from Pima County. Transportation has four major projects included in the fiscal year 2014-2015 budget:
Valencia Road: Alvernon Way to Wilmot Road project is budgeted for $14.7 million.
Valencia Road: Mark Road to Wade Road project is budgeted for $10.9 million.
Hughes Access Road Relocation project is budgeted for $6.9 million.
Magee Road: La Canada Drive to Oracle Road project is budgeted for $6.1 million.
Facilities Management - A major budgeted project for fiscal year 2014-2015 includes $30 million for the new Public Service Center at 240 North Stone Avenue, set to open and begin serving the public in fiscal year 2014-2015, that will house the Pima County Justice Courts, the Recorder, the Assessor and the Treasurer. The total cost for the Public Service Center is $104.5 million.
Regional Flood Control District – The Regional Flood Control District has active projects with a total budget of $15 million. Major projects include:
Santa Cruz River Flood Control Erosion Control and Linear Park: Ajo to 29th Street project is budgeted for$4.0 million.
Canyon Del Oro Pathway: La Cholla to La Canada project is budgeted for $2.4 million.
Urban Drainage project is budgeted for $2.0 million.
El Corazon de los Tres Rios Del Norte project is budgeted for $2.0 million.
Debt Management
Bond ratings for Pima County range from A+ to AA. Pima County maintains a sound financial profile, with healthy operating reserves while its debt burden is manageable and debt repayment is rapid.
Pima County continues to utilize debt authorized by Pima County voters in elections from 1997, 2004 and 2006. At June 30, 2014, $4.7 million from the May 20, 1997, $13.3 million from the May 18, 2004, and $0.7 million from the May 16, 2006 bond elections remained unissued. The County issues Certificates of Participation for building construction and Sewer Revenue Obligations to fund the construction and improvement of the County’s wastewater conveyance systems and treatment facilities.
Bond sales anticipated for fiscal year 2014-2015 include $18.6 million of general obligation debt, $20 million is anticipated for sewer obligation bonds, and $60 million of Certificates of Participation debt service to fund additional sewer projects that will be repaid with sewer revenues.
The County’s conservative debt management principles play a critical role in the decision regarding when to issue new debt. The County has set an aggressive debt repayment schedule, retiring 80 percent of its debt within 11 years with 100 percent retired at or before 15 years. In November 2014 voters approved a bond proposal to use $22 million to build a new animal shelter. Pima County is in the process of planning for a November 2015 bond election with several categories of bond project proposals being considered.
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The state constitution sets a cap on general obligation debt at 15 percent of the County’s net secondary assessed valuation. In fiscal year 2013-2014 the constitutional debt limit was $1.1 billion. The actual bonded indebtedness was $407 million, far below the constitutional debt limit.
Please refer to the MD&A beginning on page 15 and Note 7 beginning on page 65 for specific details on debt issuances, defeasances, and refundings.
Expenditure Limitation
Pima County, like all counties and cities in Arizona, is subject to numerous budgetary and related legal requirements. Article 9, Section 20, of the Arizona Constitution sets limits on the County’s legal budget capacity. In general, the Board of Supervisors, as the governing body of the County, cannot authorize expenditures from local revenues in excess of the expenditure limitation determined annually for Pima County by the Arizona Economic Estimates Commission. The expenditure limitation is determined each year by adjusting the amount of actual payments of local revenues received by the County during fiscal year 1979-1980 to reflect inflation and subsequent population growth for the County. Not subject to this limitation are items such as bond proceeds, related debt service, interest earnings, special voter approved districts, certain highway user revenue funds, federal grant and aid funds, monies received pursuant to intergovernmental agreements, and state grants which are to be used for specific purposes. As in previous years, the County’s expenditures for fiscal year 2013-2014 are expected to be under the limit of $527.4 million.
Single Audit
As a recipient of federal and state financial assistance, the County is required to ensure adequate internal controls are in place to comply with applicable laws and regulations related to administration of these programs. This internal control structure is subject to periodic evaluation by management of Pima County.
As a part of the County’s Single Audit, tests are made to determine the adequacy of the internal control structure, including that portion related to federal financial assistance programs and whether the County has complied with applicable laws and regulations.
A complete Single Audit report for fiscal year 2012-2013 can be found at:
http://www.pima.gov/finance/reports.shtml
The Single Audit for Pima County for the fiscal year ended June 30, 2014 was not complete at the time of publication of this CAFR.
As demonstrated by the statements and schedules included in the financial section of this report, Pima County continues to meet its responsibility for sound financial management.
Awards
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to Pima County, Arizona, for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2013. Pima County has received this prestigious award for twenty-eight years from fiscal years ended June 30, 1984 through 2013, except for fiscal years ended June 30, 1990 and June 30, 1999, due to missing the filing deadline. In order to be awarded a Certificate of Achievement, the County had to publish an easily readable and efficiently organized CAFR that satisfied both generally accepted accounting principles and applicable program requirements.
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A Certificate of Achievement for Excellence in Financial Reporting is valid for a period of one year only. We believe that our current CAFR continues to meet the Certificate of Achievement for Excellence in Financial Reporting Program’s requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate.
Pima County also received the GFOA’s Distinguished Budget Presentation Award for its fiscal year 2013-2014 budget document. This was the sixteenth consecutive year that Pima County has achieved this award. To qualify for the Distinguished Budget Presentation Award, Pima County’s budget had to be judged proficient as a policy document, a financial plan, an operations guide, and a communications device.
Acknowledgments
The preparation of this report could not have been possible without the skill, effort, and dedication of the entire staff of the County’s Finance and Risk Management Department. We wish to thank all government departments for their assistance in providing the data necessary to prepare this report. Credit is also due to the Board of Supervisors for its unfailing support for maintaining the highest standards of professionalism in the management of Pima County’s finances.
Respectfully submitted,
C. H. Huckelberry County Administrator
Tom Burke Director, Finance and Risk Management
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FINA
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IAL
PIMA COUNTY
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2014
INTRODUCTORY SECTION FINANCIAL SECTION
Independent Auditors' Report Management’s Discussion and Analysis Basic Financial Statements Required Supplementary Information Other than Management’s Discussion and Analysis Combining Statements and Other Schedules
STATISTICAL SECTION
FINANCIAL SECTION The Financial Section contains government-wide, combined, combining, and individual fund financial statements and schedules, which present a financial “overview” of Pima County.
Independent Auditors’ Report Members of the Arizona State Legislature The Board of Supervisors of Pima County, Arizona
Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, business-type activities, discretely presented component unit, each major fund, and aggregate remaining fund information of Pima County as of and for the year ended June 30, 2014, and the related notes to the financial statements, which collectively comprise the County’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with U.S. generally accepted accounting principles; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of certain departments, one major fund, and the component unit, which account for the following percentages of the assets and deferred outflows, liabilities and deferred inflows, revenues, expenses or expenditures of the opinion units affected.
Opinion Unit/Department
Assets and Deferred Outflows
Liabilities and Deferred
Inflows
Revenues
Expenses/
Expenditures Government-Wide Statements Governmental Activities:
Stadium District 1.40% 1.49% 0.92% 0.72% School Reserve Fund 0.08% 0.02% 0.24% 0.27% Self-Insurance Trust 2.80% 3.92% 2.03% 1.63% Health Benefits Trust 0.99% 1.91% 8.34% 7.28%
Business-Type Activities: Regional Wastewater Reclamation Department 98.83% 99.84% 94.07% 94.36% Development Services 0.27% 0.11% 3.67% 4.66%
Discretely Presented Component Unit: Southwestern Fair Commission 100.00% 100.00% 100.00% 100.00%
2910 NORTH 44th STREET • SUITE 410 • PHOENIX, ARIZONA 85018 • (602) 553-0333 • FAX (602) 553-0051
Opinion Unit/Department
Assets and Deferred Outflows
Liabilities and Deferred
Inflows
Revenues
Expenses/
Expenditures Fund Statements Major Fund:
Regional Wastewater Reclamation Department Enterprise Fund 100.00% 100.00% 100.00% 100.00%
Aggregate Remaining Fund Information: Stadium District 0.07% 1.05% 0.27% 0.29% School Reserve Fund 0.36% 0.07% 0.07% 0.07% Development Services 0.83% 0.50% 0.27% 0.25% Self-Insurance Trust 13.79% 20.95% 0.58% 0.47% Health Benefits Trust 4.89% 10.21% 2.40% 2.09%
Those statements were audited by other auditors whose reports have been furnished to us, and our opinions, insofar as they relate to the amounts included for those entities, are based solely on the reports of the other auditors. We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the County’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the County’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, based on our audit and the reports of the other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, business-type activities, discretely presented component unit, each major fund, and aggregate remaining fund information of Pima County as of June 30, 2014, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with U.S. generally accepted accounting principles. Other Matters Required Supplementary Information U.S. generally accepted accounting principles require that the Management’s Discussion and Analysis on pages 15 through 33, the Budgetary Comparison Schedules on pages 83 and 84, and the Schedule of Agent Retirement Plans’ Funding Progress on page 85, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with U.S. generally accepted auditing standards, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the County’s basic financial statements. The combining and individual fund statements and schedules and the introductory and statistical sections listed in the table of contents are presented for purposes of additional analysis and are not required parts of the basic financial statements. The combining and individual fund statements and schedules are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with U.S. generally accepted auditing standards. In our opinion, the combining and individual fund statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on them. Compliance Over the Use of Highway User Revenue Fund and Other Dedicated State Transportation Revenue Monies In connection with our audit, nothing came to our attention that caused us to believe that the County failed to use highway user revenue fund monies received by the County pursuant to Arizona Revised Statutes Title 28, Chapter 18, Article 2, and any other dedicated state transportation revenues received by the County solely for the authorized transportation purposes, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the County’s noncompliance with the use of highway user revenue fund monies and other dedicated state transportation revenues, insofar as they relate to accounting matters. The communication related to compliance over the use of highway user revenue fund and other dedicated state transportation revenue monies in the preceding paragraph is intended solely for the information and use of the members of the Arizona State Legislature, the Board of Supervisors, management, and other responsible parties within the County and is not intended to be and should not be used by anyone other than these specified parties.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we will issue our report on our consideration of the County’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters at a future date. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the County’s internal control over financial reporting and compliance.
Debbie Davenport Auditor General
December 5, 2014
Management’s Discussion and Analysis
Pima County, Arizona Management’s Discussion and Analysis
For the Year Ended June 30, 2014
Our discussion and analysis of the County’s financial performance provides an overview of the County’s financial activities for the year ended June 30, 2014. Please read it in conjunction with the transmittal letter which begins on page 1 and the County’s basic financial statements, which begin on page 35. All dollar amounts are expressed in thousands (000’s) unless otherwise noted.
Financial Highlights
The County’s total net position increased $44,241 in fiscal year 2013-14. This represents a 5.8% decreasewhen compared to the prior year’s change in net position of $46,972.
The County’s primary sources of revenue come from taxes, grants and contributions, and charges forservices, and state shared taxes as displayed below:
The assets of the County exceeded its liabilities (net position) by $2,359,818, an increase of 1.9% from theprior year. Of this amount, $1,941,324 represents the net investment in capital assets, $216,555 isrestricted for specific purposes (restricted net position), and $201,939 is available for general governmentexpenditures (unrestricted net position).
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Unrestricted net position for the County decreased $45,438 (or 18.4%), from $247,377 to $201,939 thisfiscal year, restricted net position decreased $11,643 (or 5.1%) from $228,198 to $216,555. The chartbelow presents the composition of restricted and unrestricted net position for the current and prior years:
The General Fund unassigned fund balance decreased to $42,731 from $56,526 in the prior year. Theunassigned fund balance comprises 88.7% of the total fund balance of $48,190.
The County continues to use debt to finance the construction of roads, streets, and buildings. Total capitalassets for the year increased $103,630; long-term liabilities increased $14,155.
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Overview of the Financial Statements
This discussion and analysis is intended to serve as an introduction to the County's basic financial statements. The County's basic financial statements consist of three components: (1) Government-wide statements, (2) Fund statements, and (3) Notes. Required supplementary information is included in addition to the basic financial statements.
Government-wide financial statements are designed to provide readers with a broad overview of County finances in a manner similar to a private-sector business.
The statement of net position presents information on all County assets, deferred outflows of resources, liabilities and deferred inflows of resources with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the County is improving or deteriorating.
The statement of activities presents information showing how net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation or sick leave).
Both of these government-wide financial statements distinguish functions of the County that are principally supported by taxes and intergovernmental revenues (governmental activities) in contrast to other functions that are intended to recover all or a portion of their costs through user fees and charges (business-type activities). The governmental activities of the County include general government, public safety, highways and streets, sanitation, health, welfare, culture and recreation, and education and economic opportunity. The business-type activities of the County include: Regional Wastewater Reclamation (RWR), Development Services, and the County’s downtown parking garages.
A discretely presented component unit is included in the basic financial statements. It consists of one legally separate entity for which the County is financially accountable. The County reports the Southwestern Fair Commission, which operates the County Fairgrounds and the annual Pima County Fair, as a discretely presented component unit.
The government-wide financial statements can be found on pages 35-37.
Fund financial statements are groupings of related accounts that are used to maintain control over resources that have been segregated for specific activities or objectives. The County, like other state and local governments, uses fund accounting to ensure and demonstrate finance-related legal compliance with applicable state statutes and Federal Office of Management and Budget budgeting guidelines. All of the funds can be divided into three categories: (1) governmental funds, (2) proprietary funds, and (3) fiduciary funds.
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of expendable resources, as well as on balances of expendable resources available at the end of the fiscal year. Such information may be useful in evaluating the County’s near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand
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the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The County maintains fifteen individual governmental funds. Information is presented separately in the Governmental Fund Balance Sheet and in the Governmental Fund Statement of Revenues, Expenditures and Changes in Fund Balances for the General, Capital Projects, and Debt Service funds which are reported as major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements.
The governmental fund financial statements can be found on pages 38-41. The combining statements for non-major governmental funds can be found on pages 88-91.
Proprietary funds are maintained in two ways. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The County uses enterprise funds to account for sewer systems maintenance and operation, real estate-related development services, and parking garage operations. Internal service funds are an accounting device used to accumulate and allocate costs internally among the County’s various functions. The County uses internal service funds to account for employee health and health related benefits, risk management, automotive fleet maintenance and operations, printing services, telecommunications, wireless, and information technology network infrastructure. Because these services predominantly benefit governmental rather than business-type functions, all of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources of these services have been included within governmental activities in the government-wide financial statements.
Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The RWR Enterprise Fund is considered to be a major fund of the County. Data from the other enterprise funds are combined into a single, aggregated presentation. Similarly, the County’s internal service funds are combined into a single, aggregated presentation in the proprietary funds financial statements. Individual fund data for the other enterprise and internal service funds are provided in the form of combining statements.
The proprietary fund financial statements can be found on pages 42-45. The combining statements for other enterprise and internal service funds can be found on pages 107-114.
Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the County’s programs.
The fiduciary fund financial statements can be found on pages 46-47.
Notes to the financial statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found on pages 48-82.
Required Supplementary Information (RSI) is presented concerning the County’s General Fund budgetary schedule and the schedule of retirement plans’ funding progress. Required supplementary information can be found on pages 83-85.
Combining Statements and Other Schedules referred to earlier provide information for non-major governmental, enterprise, internal service, and fiduciary funds and are presented immediately following the required supplementary information. Combining and individual fund statements and schedules can be found on pages 88-118.
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Government-Wide Financial Analysis
As noted earlier, net position may serve as a useful indicator of a government’s financial position over time. An analysis of the results of operations is also useful. The schedule below identifies variances in the results of operations.
An explanation of each of these changes is discussed further in the following governmental and business-type activities sections.
The graph and schedule presented below illustrate at a summary level and detail level the changes in the elements of the Statement of Net Position for the County at June 30, 2014 and June 30, 2013.
2014 2013 VarianceCharges for services 246,421$ 231,625$ 14,796$ Operating grants and contributions 113,129 116,121 (2,992) Capital grants and contributions 61,390 63,212 (1,822) Total program revenues 420,940 410,958 9,982
Total general revenues and transfers 545,804 546,973 (1,169)
Total program and general revenues 966,744 957,931 8,813
Total expenses 922,503 910,959 11,544
Change in net position 44,241$ 46,972$ (2,731)$
Schedule of Results of Operations
and Net Position
For the Years Ended June 30, 2014 and 2013
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As indicated above, total program and general revenues increased $8,813 primarily due to a $14,796 increase in charges for services. However, expenses also increased $11,544 resulting in a decrease in the change in net position of $2,731.
A general discussion of significant variances between fiscal years follows. For a more detailed discussion, please see the governmental activities and business-type activities sections immediately following this section.
Total assets for the County were $3,976,297, an increase of $29,633 (0.8%) from the prior year and total liabilities were $1,619,999, a decrease of $15,221 (0.9%) from the prior year.
The largest portion of the County’s net position reflects its net investment in capital assets (i.e. land, buildings, infrastructure, and equipment), less any related outstanding debt used to acquire those assets. As of June 30, 2014, net investment in capital assets totaled $1,941,324, comprising approximately 82.3% of total net position. This represents an increase of $101,322 (5.5%) from the prior year. The County uses a portion of these capital assets to provide services to its citizens, with the other portion available to its citizens for use; consequently, these assets are not available for future spending. Although the County’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.
Restricted net position represents resources that are subject to external restrictions on how they may be used. As of June 30, 2014, restricted net position totaled $216,555 and comprised approximately 9.2% of total net position. This represents an $11,643 (5.1%) decrease from the prior fiscal year.
The remaining balance of the County’s net position represents unrestricted net position, which may be used to meet the County’s ongoing obligations to citizens and creditors. As of June 30, 2014, unrestricted net position totaled $201,939 and comprised approximately 8.5% of total net position. This represents a $45,438 (18.4%) decrease from the prior year.
The following schedule presents, on a comparative basis, both governmental activities and business-type activities within the Statement of Net Position.
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Analysis of Governmental activities
Assets
Current and other assets decreased by $80,016 (13.8%) between fiscal years. Most of this variance is attributable to several significant transactions decreasing cash: a cash defeasance of general obligation bonds (series 2005 for $14,815 and series 2007 for $1,200) for $16,015 and a cash transfer of $51,400 from Capital Projects to RWR due to increases in building and other improvements from the 2013 Certificates of Participation (COPs) loan proceeds received in fiscal year 2012-13.
Capital assets increased $56,774 (3.0%) primarily due to an increase of $34,676 in equipment and machinery mainly due to the capitalization of the Regional Public Safety Communications Systems assets, and an increase of $17,387 in buildings and other improvements including: Regional Flood Control assets increased $2,106 for the Santa Cruz Pathway and drainage structures, Facilities Management assets increased $1,464 for improvements to the Abrams building 4th floor, $2,018 for the Administration building tenant improvements, and $4,338 for the Sporting Chance Center assets. The Kino Sports Complex increased $3,212 for facilities modifications and other improvements to the north fields, and an increase of $1,498 in assets for the Library District included the renovation and expansion of Eckstrom Columbus Library.
Liabilities
Current and other liabilities decreased $19,020 (17.2%) during the fiscal year. This is mostly due to both a $10,356 increase in accounts payable and a $28,604 decrease in employee compensation. Accounts payable increased $4,419 as part of outstanding payables from an intergovernmental agreement with Regional Transportation Authority (for the regionalization of public transit and special needs service) and a contract with Motorola Solutions for the purchase of communication equipment for the Regional Public Safety Communications Systems for $6,016. Employee compensation decreased primarily due to the change in reporting the non-current portion of long-term employee compensation under long-term liabilities of $30,807.
Net position
In summary, total net position decreased by $9,777 (0.6%) primarily due to a decrease in total revenues of $11,604, increases in expenses of $10,895, and a net increase in transfers out of $9,385, as explained in previous paragraphs.
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$ 499,542 $ 579,558 (80,016)$ $ 254,677 $ 248,658 $ 6,019 $ 754,219 $ 828,216 $ (73,997)Current and other assetsCapital assets (net): Land, buildings, equipment,
1,965,669 1,908,895 56,774 1,256,409 1,209,5 53 46,856 3,222,078 3,118,448 103,630 infrastructure & other assets
Total assets 2,465,211 2,488,453 (23,242) 1,511,086 1,458,2 11 52,875 3,976,297 3,946,664 29,633
Deferred outflows of resources Deferred charges on refunding 3,520 4,133 (613) 3,520 4,133 (613)
91,818 110,838 (19,020) 24,122 34,478 (10,356) 115,940 145,316 (29,376)Current and other liabilitiesLong-term liabilities 794,543 789,601 4,942 709,516 700,303 9,213 1,504,059 1,489,904 14,155
Total liabilities 886,361 900,439 (14,078) 733,638 734,781 (1,143) 1,619,999 1,635,220 (15,221)
Net position: 1,354,456 1,308,057 46,399 586,868 531,945 54,923 1,941,324 1,840,002 101,322
143,400 138,472 4,928 73,155 89,726 (16,571) 216,555 228,198 (11,643) Restricted Unrestricted 84,514 145,618 (61,104) 117,425 101,759 15,666 201,939 247,377 (45,438) Total net position $ 1,582,370 1,592,14$ (7 $ 9,777) $ 777,448 $ 723,430 54,018$ $2,359,8 2,18 315,577$ 44,$ 241
Schedule of Assets, Deferred Outflows of Resources, Liabilities and Net PositionAt June 30, 2014 and 2013
Net investment in capital assets
Governmental Activities Business-type Activities Total2013 Variance2014 2013 Variance 2014 2014 2013 Variance
Analysis of Business-type activities
Assets
Capital assets increased $46,856 (3.9%) primarily due to $20,842 increase in RWR equipment assets and $16,474 increase in the sewage conveyance system. Equipment increased $22,691 primarily from the Regional Optimization Master Planning (ROMP) projects. Sewage conveyance system assets increased $9,543 due to system-wide conveyance rehabilitation program, $4,429 for the sewer modification project for Prince Road and I-10, and $2,977 from developer contributed capital.
Liabilities
Net position
In summary, total net position for business-type activities increased $54,018 (7.5%) primarily due to an increase in the net position of capital assets from the RWR Enterprise fund.
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Long-term liabilities increased $9,213 (1.3%) during the fiscal year. This is mostly due to an increase of sewer revenue obligations of $48,500 offset by a decrease in sewer revenue bonds of $16,765 and a decrease in sewer revenue obligations of $18,725.
Governmental activities
Revenues
Overall, governmental activities total revenues decreased $11,604 or 1.5% from fiscal year 2012-13 due to decreases in both program and general revenues.
Program revenues decreased $9,311 (3.8%) primarily due to a $2,992 decrease in operating grants and a decrease of $4,715 in capital grants and contributions. The decrease in operating grants is primarily due to a $6,707 decrease related to the ending of the American Recovery and Reinvestment Act (ARRA) Program. The $4,715 decrease in capital grants and contributions is due to decreasing construction activity and related funding for projects nearing completion, primarily a decrease of $6,930 for the Magee Road project.
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The following table shows details of the changes in net position for governmental activities:
2014 2013 Amount Percent
Program revenues: 64,856$ 66,460$
113,129 116,121
Charges for services Operating grants and contributions Capital grants and contributions 54,583 59,298
232,568 241,879
$ (1,604) -2.4% (2,992) -2.6% (4,715) -8.0% (9,311) -3.8% Total program revenues
General revenues:
378,032 383,508 (5,476) -1.4% 125,504 119,728 5,776 4.8%
2,955 2,627 328 12.5%
Property taxes State-shared taxes Investment earnings Other general revenues 36,592 39,513
Total general revenues 543,083 545,376
Total revenues 775,651 787,255
(2,921) -7.4% (2,293) -0.4%
(11,604) -1.5%
Expenses:
230,742 233,984 (3,242) -1.4% 188,782 166,476 22,306 13.4% 93,675 80,087 13,588 17.0%
4,252 6,409 (2,157) -33.7% 36,085 36,540 (455) -1.2% 93,224 95,428 (2,204) -2.3% 63,961 65,341 35,756 49,924
(1,380) -2.1% (14,168) -28.4%
(5,758) (286) (5,472) 1913.3%
General government Public safety Highways and streets Sanitation Health Welfare Culture and recreation Education and economic opportunity Amortization Interest on long-term debt 27,994 23,915 4,079 17.1% Total expenses 768,713 757,818 10,895 1.4%
Excess before contributions and transfers 6,938 29,437 (22,499) -76.4%
(16,715) (7,330) Transfers in (out)Change in net position (9,777) 22,107
(9,385) 128.0% (31,884) -144.2%
Beginning net position 1,592,147 1,570,040 22,107 1.4%
Ending net position $ 1,582,370 $ 1,592,147 $ (9,777) -0.6%
Variance
Governmental ActivitiesSchedule of Revenues, Expenses, and Changes in Net Position
For the Years Ended June 30, 2014 and 2013
General revenues decreased $2,293 (0.4%) primarily due to a $5,476 decrease in property tax revenues as a result of decreasing secondary net assessed values. Conversely, State shared sales tax increased $5,776 due to increasing sales from an anticipated gradual recovery in the local economy.
The chart below presents general and program revenues, as a percentage to total revenues. The amount provided from each revenue source for governmental activities, as a percentage to total revenue for governmental activities, has not changed significantly from the prior fiscal year. Property taxes, operating grants, and state-shared taxes continue to account for approximately 79.5% of the County’s revenues.
Expenses
Expenses for governmental activities increased $10,895 (1.4%) primarily due to increases and decreases in the following functions:
Public safety – a $22,306 increase in expenses is primarily due from $22,592 of expensesincurred in the Pima County Wireless Integrated Network (PCWIN) capital project.
Highways and streets – a $13,588 increase is primarily due to expenses incurred in the I-19Frontage Road from Continental Road to Canoa project ($19,737).
Education and economic opportunity – a $14,168 decrease in expenses was primarily due to adecrease in federal funding under the U.S Department of Housing and Urban Development forthe Neighborhood Stabilization Program ARRA ($6,200), Community Development BlockGrants ($660), Home investment Partnership Program ($690), Housing Opportunities for personswith AIDS ($185), and the decrease in funding from the U.S. Department of Labor for WIAadult, youth and dislocated worker formula grants ($1,862).
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The chart below presents expenses by function as a percentage to total expenses. The amount of each expense by function as a percentage to total expenses has not changed significantly from the prior fiscal year. General government, public safety, and welfare account for approximately two-thirds of the County’s total expenses.
The resulting change in net position was a decrease of $9,777 (0.6%) for fiscal year 2014 compared to an increase in net position of $22,107 in fiscal year 2012-2013.
In summary, and as explained above, ending net position for governmental activities decreased $9,777 (0.6%). This year’s change in net position decreased $31,884 from last year, primarily due to a decrease in revenues of $11,604, an increase in expenses of $10,895 and a net increase of $9,385 in transfers out to business-type activities to fund capital projects.
Business-type activities
Business-type activities, which are composed exclusively of enterprise funds, are intended to recover all or a significant portion of their costs through user fees and charges. The following schedule shows changes in the net position for business-type activities.
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Revenues
Total revenues for business-type activities increased $20,417 (12.0%) mainly due to an increase in charges for services of $16,400, and an increase in capital grants and contributions of $2,893. The increase in charges for services is primarily due to a RWR rate increase (from $3.203 to $3.523 per CCF), resulting in a $14,995 increase. The capital grants increase is due to approximately $3,000 increase in capital contributions for RWR, which is consistent with the increase in construction activities.
Expenses
Total expenses for business-type activities increased $649 (0.4%) mainly due to the increase of $1,032 (0.7%) in RWR expenses. The RWR expense increase was primarily due to the increase in interest expense from debt service payments of $12,062 offset by $15,691 decrease in reporting a loss on disposals of equipment.
Transfers-in increased $9,385 (128%) due to transfers from governmental activities, including an increase of $7,072 from certificates of participation to fund ROMP projects, and an increase of $2,663 to the Parking Garages Fund mainly for construction projects at the Public Service Center.
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2014 2013Variance
Amount PercentProgram revenues: Charges for services $ 181,565 $ 165,165 $ 16,400 9.9% Capital grants and contributions 6,807 3,914 2,893 73.9%
188,372 169,079 19,293 11.4% Total program revenuesGeneral revenues:
1,237 1,017 220 21.6% Investment earnings Other general revenues 1,484 580 904 155.9%
Total general revenues 2,721 1,597 1,124 70.4%
Total revenues 191,093 170,676 20,417 12.0%
Expenses: 145,117 144,085 1,032 0.7%
6,796 7,231 (435) -6.0% Regional Wastewater Reclamation Development Services Parking Garages 1,877 1,825 52 2.8%
Total expenses 153,790 153,141 649 0.4%
Excess before transfers 37,303 17,535 19,768 112.7%
16,715 7,330 9,385 128.0% Transfers in (out)
Change in net position 54,018 24,865 29,153 117.2%
Beginning net position, as restated 723,430 698,565 24,865 3.6%
Ending net position $ 777,448 $ 723,430 $ 54,018 7.5%
Business-type ActivitiesSchedule of Revenues, Expenses, and Changes in Net Position
For the Years Ended June 30, 2014 and 2013
Financial Analysis of the County’s Funds
As noted earlier, the County uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.
Governmental funds
The County’s general government functions are accounted for in the General, Capital Projects, Debt Service, and Special Revenue funds. Included in these funds are special districts governed by the Board of Supervisors (i.e. Flood Control, Library and Stadium Districts) acting as the Board of Directors for each district. The focus of the County's governmental funds is to provide information on near-term inflows, outflows and balances of expendable resources. Such information is useful in assessing the County's financing requirements. In particular, unassigned fund balances may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year.
Major Governmental Funds
General Fund
The General Fund is the chief operating fund of the County.
Intergovernmental revenues for the General Fund increased $3,969 primarily due to increases in the state-shared sales tax associated with an anticipated gradual recovery in the local economy. Charges for services increased $2,950 mostly from administrative overhead contributions. These increases were partially offset by decreases in miscellaneous revenue of $3,585. Miscellaneous revenues received in the previous fiscal year included bankruptcy distributions from the National Century Financial Enterprises and Lehman Brothers of $2,773 and a state refund from the Arizona Long Term Care System of $824. Overall, revenues for the General Fund increased $2,502.
General fund expenditures increased $18,126 primarily due to a $13,259 increase in general government for salary increases, higher medical insurance, and retirement benefits for the following departments: Administration $2,260; County Attorney $1,670; Juvenile, Justice and Law enforcement $1,754. The expenditure increases also included $3,325 for the intergovernmental agreement with the Arizona Health Care Cost Containment System (AHCCCS) for supplemental payments to disproportionate share hospitals (DSH payments). Public safety expenditures (Sheriff Department) increased $5,738 due to $3,853 salary increases, higher medical insurance and retirement benefit costs and $2,100 increases in motor pool rates.
The $2,502 increase in revenues and $18,126 increase in expenditures is the primary basis for the $12,342 decrease in the fund balance, which ended the year at $48,190.
Budget to Actual Comparison for the General Fund
Overall, actual revenues were lower than budgeted revenues by $84 and actual expenditures were less than budgeted expenditures by $33,541.
Actual revenues for the General Fund were lower than budgeted primarily due to both, an under budget variance in property taxes of $4,535 and an over budget variance for intergovernmental revenue of $4,181. Actual intergovernmental revenues were higher than budgeted due to higher fiscal year 2014 Payments in Lieu of Taxes (PILT) from the department of interior of $1,215 and higher State shared sales tax revenues of $2,366. Actual property taxes were $4,535 less than budgeted primarily due to lower collections of delinquent taxes and interest payments of property taxes.
Actual expenditures for the General Fund were less than budgeted primarily due to the County Administrator’s maintenance of the unreserved contingency being $21,684 less than budgeted. (The General Contingency is the Board of Supervisors’ unreserved contingency that the board uses throughout the year to respond to changing needs or unforeseen circumstances.)
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No variances between the budget to actual amounts at the departmental level were significant enough to affect the County’s ability to provide future services.
Capital Projects Fund
Revenues for the Capital Projects Fund decreased $8,880, mainly due to a decrease of $8,322 in intergovernmental revenues. The intergovernmental revenue variance is primarily associated with a decrease of $8,923 in State revenue, related to reductions in funding for road projects winding down, primarily the Magee Road project decrease of $6,930 and the Camino de Oeste project decrease of $1,764.
Expenditures (capital outlays) decreased $39,230. This variance results from increases in capital expenditures in new or continuing programs, and greater decreases in expenditures of programs at or near completion. Significant decreases in capital expenditure projects include: Sunset Road-Santa Cruz River property acquisition $3,963; the Public Service Center $7,301; Tortolita Mountain Park Expansion $3,913; Communications Center $6,781; Magee Rd/Thornydale Rd $11,363; 2013 Pavement Preservation program $7,163; La Cholla Boulevard $4,582; Magee Rd/La Canada Rd $9,414. Some of the programs with larger increases in expenditures include: Flood Control-Paseo de las Iglesias project $6,409; Orange Grove Road $4,244; 2014 Pavement Preservation program $5,208; Valencia Road-Alvernon Way-Wilmot Road project $5,774.
The $78,160 face amount of long-term debt issued represents a decrease of $52,015 from fiscal year 2012-13. Proceeds received included $52,160 from certificates of participation, $10,000 from general obligation bonds, and $16,000 from Highway-User Revenue Fund (HURF). In fiscal year 2012-13, proceeds received were $130,175, including $50,000 from general obligation bonds and $80,175 from certificates of participation.
Transfers out increased by $56,175 primarily due to a $42,883 transfer from the 2013 COPs to RWR, a $3,667 transfer of the 2014 COPs to Parking Garages for construction at the new Public Service Center, and a $9,749 transfer to Fleet Services for the new services facility construction in progress.
Debt Service Fund
This major fund accounts for the accumulation of resources for the payment of principal and interest of long-term debt.
Revenues for the Debt Service Fund decreased $4,630 primarily due to a decrease in property tax revenues as a result of decreasing secondary net assessed values. Expenditures for the Debt Service Fund increased $47,181 mainly from an increase in principal payments of $44,950. This expected increase is primarily associated with a $34,645 first principal payment of COPs 2013A, which was paid on December 2013 and a $16,000 GO series 2005, 2007 in cash defeasance. Please see Note 7 beginning on page 65 for more information on bond and certificate of participation details.
Proceeds from refunding debt were $8,805, a decrease of $42,475, as the only refunding consisted of $8,805 for 2014 HURF bonds.
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The $8,880 decrease in revenues, the $39,230 decrease in expenses, and a total decrease of $109,429 in other financing sources yield a decrease of $79,079 in net change in fund balance, which ended the year at $149,012.
Payments to escrow agents decreased to $10,131, a decrease of $45,292 from $55,423 in the prior year. The increase of transfers-in of $36,511 was primarily transfers from RWR to fund the first $34,645 principal payment of the 2013A COPs.
Major Proprietary Fund
The County’s Regional Wastewater Reclamation Enterprise (RWR) Fund is a major enterprise fund.
The significant changes contributing to the fund’s change in net position was an increase in total assets of $48,977, primarily from an increase of $28,467 in sewage conveyance system assets from the Regional Optimization Master Plan (ROMP) projects, and a $25,696 increase in equipment primarily from $23,865 ROMP projects. Building and improvements assets increased $456,540, resulting from the capitalization of completed projects.
Operating revenues of $161,676 represents an increase of $16,099 (11.1%) over the previous year, primarily due to an increase of $15,039 charges for services, resulting from a 10% fee increase (from $3.203 to $3.523 per ccf) effective in fiscal year 2013-14.
Operating expenses total of $125,160 represents an increase of $8,554 (7.3%) over the prior year, mainly due to an increase of $3,874 in depreciation expense following capitalization of approximately $446,905 in ROMP projects, and an increase of $3,093 in administrative expenses including, among other factors, an increase of $916 in administrative overhead, and an increase of $649 in motor pool expenses resulting from a rate increase.
Transfers-in increased by $42,759, mainly due to a cash transfer from 2013 COPs. Transfers out increased by $35,686, to fund a debt service payment of $34,645 representing the first principal payment of the 2013A COPs.
The fiscal year 2013-14 activity yields a change in net position of $50,378, an increase of $22,489 (80.6%) over the previous year’s change in net position, resulting in a total net position of $761,031 at fiscal year-end.
Capital Assets and Debt Administration
Capital Assets
The County’s investment in capital assets consists of land, buildings and improvements, sewage conveyance systems, infrastructure, equipment, and construction in progress.
Capital assets for the governmental and business-type activities are presented below to illustrate changes from the prior year:
The County’s total capital assets increased $103,630 (3.3%). Overall for the County, the most significant changes were: buildings and improvements increased $464,085 (69.7%), equipment increased $57,579 (41.2%), infrastructure increased $76,341 (12.9%); conversely, construction in progress decreased $522,186 (65.4%) .
Major capital asset events during the current fiscal year are described below.
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2014 2013 Variance 2014 2013 Variance 2014 2013 Variance$ 499,163 $ 487,902 $ 11,261 76$ 12,630 $ 12,554 $ $ 511,793 $ 500,456 $ 11,337
212,314 297,266 (84,952) 63,730 276,044 798,230 (522,186) 478,182 460,795 17,387 651,642
500,964 (437,234) 204,944 446,698 1,129,824 665,739 464,085
667,302 590,961 76,341 - 667,302 590,961 76,341 439,754 423,280 16,474 439,754 16,474
LandConstruction in progressBuildings and improvementsInfrastructureSewage conveyance systemsEquipment 108,708 71,971 36,737 88,653 67,811 20,842 197,361
423,280 139,782 57,579
Total 1,965,6$ 169 ,908,89$ 565 $ ,774 $ 1,256,40 1,9 $ 209,55 463 $ ,856 3,222,$ 3,078 118,44$ 108 $ 3,630
TotalGovernmental Activities Business-type Activities
Governmental and Business-type ActivitiesCapital Assets
As of June 30, 2014 and 2013
The deficit in total nonoperating revenues decreased $4,628 primarily due to the decrease in loss on disposal of capital assets of $15,691 offset by an increase in debt interest cost of $12,062.
Governmental activities
Capital assets of Governmental activities increased $56,774 (3%) over the previous year. Infrastructure increased $76,341 (12.9%), primarily from major road projects: La Cholla Blvd-Magee Road-Overton Road $24,357, Magee Road-Cortaro Farms Rd.-Mona Lisa- Thornydale Road $45,865. Equipment increased $36,737 (51%), primarily due to the equipment from Regional Public Safety Communication System $34,676.
Building and improvements increased $17,387 (3.8%), with significant projects comprising the increase included the following:
Contributions, Sporting Chance Center $4,338 Kino Sports Complex stadium and field improvements $3,212 Regional Flood Control District, Santa Cruz project $2,106 Administration 4th Floor Tenant Improvements $2,018 Eckstrom Columbus Branch Library Expansion $1,498
Construction in progress in Governmental activities decreased $84,952 (28.6%), primarily due to the following completed projects: a decrease of $41,710 in the Pima County Wireless Integrated Network (PCWIN) project, a $23,500 decrease in the Interstate 19 Frontage Road- Continental Road-Canoa Road project, and a decrease of $22,612 in the Magee Road-Cortaro Farms Road project.
Business-type activities
Total assets increased $46,856 (3.9%). Equipment assets increased $20,842 (30.7%) mainly due to the Regional Optimization Master Planning (ROMP) project for $22,691. Sewage conveyance systems increased $16,474 (3.9%) primarily due to System-wide Conveyance Rehabilitation Program for $9,543, Prince Road and I-10 Sewer Modification project for $4,429, and a $2,977 increase from contributed capital from developers.
Building improvements increased $446,698 (218%), while construction in progress decreased $437,234 (87.3%). This is primarily due to the capitalization of RWRs completed ROMP projects of $468,232.
The County’s infrastructure assets are recorded at historical cost and estimated historical cost in the government-wide financial statements. Additional information regarding the County’s capital assets can be found in Note 5 of the financial statements on pages 61-62.
Long-term Debt
Significant, comparative long-term debt entered into during the last two fiscal years is presented below:
Bonds issued (at face value):General Obligation 10,000$ 88,575$ Street and Highway Revenue 24,805
Sewer System Revenue Obligations 48,500 128,795 Certificates of Participation (COPs) 52,160 92,880
Total 135,465$ 310,250$
2014 2013
Long-Term DebtFor the Years Ended June 30, 2014 and 2013
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During the year, $10,000 of general obligation bonds were issued. The $10,000 of new debt issued in Series 2014 was for the purpose of funding various capital projects in the County. The County also issued $24,805 of transportation revenue bonds of which $8,805 was used for a refunding transaction. This refunding resulted in an economic gain of $515 and a reduction in debt service payments of $569.
In addition, the County issued $52,160 in Certificates of Participation Series 2014. The County intends to use the proceeds to finance the costs of completing the Public Service Center and Office Tower. The County may also use a portion of the funds for other capital projects.
Regarding business-type activities, $48,500 of sewer system revenue obligations were issued to finance additions and improvements to the sewer conveyance systems.
The most recent ratings for Pima County’s bonds and COPs are:
The State of Arizona Constitution limits the amount of general obligation debt a governmental entity may issue to 6.0% of its net assessed valuation without voter approval. However, Pima County has voter approval for general obligation debt up to 15.0%. The current debt limitation for Pima County is $1,143,554, which is significantly in excess of Pima County’s outstanding general obligation debt.
Additional information regarding the County’s debt can be found in Note 7 of the financial statements on Pages 65-74.
Economic Factors and Next Year’s Budget
As presented at The University of Arizona’s Eller College of Management’s 2014 Mid-Year Economic Update, the current economic situation in the State of Arizona and Pima County is one of mixed characteristics. Growth is occurring throughout the State in the areas of employment, population, real income and housing permit activity. Pima County in particular has experienced positive gains in aggregate retail sales. However, these growth rates are slow relative to both pre-recession levels and when comparing Pima County to the rest of the State. Within the County, it is anticipated that the real estate market and construction industry will take several more years to fully recover. In addition, actions of both the State and Federal government that financially impact the County have become increasingly unpredictable, while trending toward shifting of responsibilities to local government. Given these factors, Pima County will continue to face numerous budgetary challenges that necessitate next year’s budget to be primarily a “maintenance of effort budget,” which will sustain the County’s existing service priorities. The following discussions identify significant activities expected to occur in fiscal year 2014-15.
Rating Date Rating Date
Certificates of Participation (COPs) A+ Dec-2013 AA- Dec-2013General Obligation* AA- Dec-2013 AA Dec-2013Street and Highway Revenue AA Dec-2013 AA Dec-2013Sewer Revenue Bonds** AA Mar-2014 AA Dec-2013Sewer Revenue Obligations*** AA- Jan-2014 AA- Dec-2013
Standard & Poor's Fitch Ratings
Credit Ratings
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***S&P upgraded the 2005 and 2008 GO Bonds to AA based on the rating of insurance coverage on 3/19/2014. ***S&P upgraded the 2004R, 2007, 2008 & 2009 Sewer Revenue Bonds to AA based on the rating of insurance coverage on 3/19/2014. ***Excludes the 2011A Sewer Refunding Bonds which have ratings equal to the Sewer Revenue Obligations. ***S&P upgraded the 2010 Sewer Revenue Obligations to AA based on the rating of insurance coverage on 3/19/2014.
Primary Property Taxes
The persistent weakness in the economy has put the County in an increasingly uncertain operating environment. The primary tax base began contracting in Fiscal Year 2010-11, while Net Assessed Value has declined 16.26% and is expected to shrink an additional 0.54% in the upcoming fiscal year. In order to compensate, the Fiscal Year 2014-15 Adopted Budget relies on a $0.6114 increase in the primary property tax rate for the General Government over the prior year tax rate. The total property tax rate for Pima County will increase from $5.0853 to $5.7167 per $100 of assessed valuation, a net increase of $0.6314.
State Shared Revenues
State shared sales tax revenue is projected to increase by $7.3 million in Fiscal Year 2014-15. This increase reflects a gradual recovery in the local economy.
University of Arizona Medical Center – South Campus
Beginning in 2010, Pima County entered into a two-year agreement with the Arizona Board of Regents on behalf of the University of Arizona, College of Medicine for funding of what is now designated as the University of Arizona Medical Center – South Campus. In May 2012, the Board of Supervisors approved a second two-year contract with the Arizona Board of Regents with an annual base funding of $15 million. In May 2014, the Board of Supervisors approved a third two-year contract with the Board of Regents continuing with the annual funding base of $15 million.
Road Repair
Pima County uses special revenues as a major funding source of its road repair. Since the economic recession, these revenues have continually trended downward. This decline is partly due to decreased collections in a weakened economy; but the decline is also exacerbated by the State’s diversion of those collections that remain. As such, the Board of Supervisors will take the extraordinary action of appropriating General Fund dollars to the construction and maintenance of County roads for the third consecutive year. Continuation of this subsidy will be in the amount of $5 million and the Board of Supervisors will review roads to be repaired in Fiscal Year 2015.
Medical Insurance
In order to insulate itself from rapidly rising medical insurance premiums, Pima County moved to a self-insured medical plan run by a third party administrator in fiscal year 2013-14. Under this new model, fiscal year 2013-14 insurance costs increased by less than 7% from the previous year. In the upcoming fiscal year, medical insurance costs are projected to increase by 5% from last year. These increases are well below the historic 15-20% yearly increases that the County experienced in the final five years under the previous insurance model.
Solid Waste
Effective June 1, 2013, Pima County went from a direct service model of providing solid waste services to the Public to a new model of having a private contractor providing these services. This change is anticipated to reduce the County’s annual costs for this function by over $4 million per year. Because of this action, funding within the General Fund to cover potential shortfalls is no longer needed.
Stadium District
Since the combined loss of Major League Baseball and stalling of the economy in 2008, the Stadium District has aggressively sought new strategies to broaden its users, decrease costs and increase revenues. Other than direct rental and concession revenue, funding for the District comes from three primary sources: a $3.50 surcharge on rental cars; a $0.50 per day tax on recreational vehicle spaces; and a 2% hotel/motel tax in the unincorporated area of the County. While fee and rental revenues paid to the District continue to trend in a positive direction, the slow
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economic recovery continues to negatively affect tourist and recreational activities. The result has been a 23% decline in tax-based revenue over the past six years that was formerly used to fund the District. Fiscal Year 2013-14 projected revenues were insufficient to cover the Stadium’s operating, maintenance, and debt service costs; thus necessitating a budgeted transfer of $1.5 million from the General Fund to the District. A similar situation is expected in Fiscal Year 2014-15, which has prompted the Board of Supervisors to allocate $2.2 million from the Budget Stabilization Fund to the District as an operating transfer, should the need arise.
Requests for Information
This financial report is designed to provide a general overview of the County’s finances. Any questions concerning the information provided in this report or requests for additional financial information should be addressed to the Finance and Risk Management Department, 130 W. Congress, 6th Floor, Tucson, AZ, 85701.
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Basic Financial Statements
Exhibit A - 1
Governmental Business-type Component Unit Activities Activities Total SW Fair Commission
AssetsCash and cash equivalents 415,700$ 129,781$ 545,481$ 750$ Property taxes receivable (net) 12,138 12,138 Interest receivable 298 203 501 Internal balances 6 (6) - Due from other governments 46,016 9 46,025 Accounts receivable (net) 12,938 18,194 31,132 4 Inventories 2,086 1,877 3,963 32 Prepaids 5,017 74 5,091 69 Other assets 1,018 1,018 Restricted assets:
Cash and cash equivalents 2,431 104,545 106,976 2,300 Loans receivable 1,894 1,894
Capital assets not being depreciated:Land 499,163 12,630 511,793 Construction in progress 212,314 63,730 276,044
Capital assets being depreciated (net):Buildings and improvements 478,182 651,642 1,129,824 2,822 Sewage conveyance system 439,754 439,754 Equipment 108,708 88,653 197,361 445 Infrastructure 667,302 667,302
Total assets 2,465,211 1,511,086 3,976,297 6,422
Deferred outflows of resourcesDeferred charge on refunding 3,520 3,520
Total deferred outflows of resources 3,520 3,520
LiabilitiesAccounts payable 60,239 19,459 79,698 239 Interest payable 3 300 303 Contract retentions 3,106 3,106Employee compensation 19,766 1,854 21,620 Due to other governments 80 3 83 Deposits and rebates 2,014 2,014 35 Unearned revenue 6,610 2,506 9,116 66 Noncurrent liabilities:
Due within one year 100,920 49,129 150,049 Due in more than one year 693,623 660,387 1,354,010
Total liabilities 886,361 733,638 1,619,999 340
Net PositionNet investment in capital assets 1,354,456 586,868 1,941,324 3,267 Restricted for:
61,936 61,936 10,988 10,988
31,615 31,615 66,885 22,720 89,605
18,820 18,820
Facilities, justice, library,tax stabilization, and community developmentHighways and streetsDebt serviceCapital projectsRegional wastewaterHealthcare 3,591 3,591
Unrestricted 84,514 117,425 201,939 2,815 Total net position 1,582,370$ 777,448$ 2,359,818$ 6,082$
Primary Government
PIMA COUNTY, ARIZONAStatement of Net Position
June 30, 2014(in thousands)
See accompanying notes to financial statements
35
Operating CapitalCharges for Grants and Grants and
Functions/Programs Expenses Services Contributions ContributionsPrimary government:
Governmental activities:General government 230,742$ 27,355$ 26,013$ 5,969$Public safety 188,782 14,846 7,714 294Highways and streets 93,675 6,307 49,953 46,125Sanitation 4,252 31 1,168Health 36,085 13,259 8,428Welfare 93,224 80 336Culture and recreation 63,961 2,548 547 378Education and economic opportunity 35,756 430 18,970 1,817Amortization - unallocated (5,75 )Interest on long-term debt 27,994
Total governmental activities 768,71 64,856 113,129 54,583
Business-type activities:Regional Wastewater Reclamation 145,117 171,650 6,807Development Services 6,79 7,553Parking Garages 1,877 2,36
Total business-type activities 153,7 181,56 6,807Total primary government $ 922, $ 113,129246,42 $ 61,390$
Component unit:5,579 5,635 121Southwestern Fair Commission
Total component unit 5,579$ 5,635$ 121$
General revenues:
Program Revenues
PIMA COUNTY, ARIZONAStatement of Activities
For the Year Ended June 30, 2014(in thousands)
Property taxes, levied for general purposes Property taxes, levied for regional flood control district Property taxes, levied for library district Property taxes, levied for debt service Hotel/motel taxes, levied for sports facility and tourism Other taxes, levied for stadium district Unrestricted share of state sales tax Unrestricted share of state vehicle license tax Grants and contributions not restricted to specific programs Interest and penalties on delinquent taxes Investment earnings Miscellaneous
Transfers Total general revenues and transfers
Change in net positionNet position at beginning of yearNet position at end of year
Exhibit A - 2
Governmental Business-type ComponentActivities Activities Total Functions/Programs
Primary government:Governmental activities:
(171,405)$ (171,405)$
(165,928) (165,928)8,710 8,710
(3,053) (3,053)
(14,398) (14,398)
(92,808) (92,808)
(60,488) (60,488)(14,539) (14,539)
5,75 5,75(27,994) (27,994)
(536,14 (536,14 Total governmental activities
Business-type activities:
$ 33,34033,340 Regional Wastewater Reclamation 7 7 Development Services48 48 Parking Garages
34,58 34,58 Total business-type activities(536,14 34,58 (501,5 Total primary government
Component unit:177$177$
Southwestern Fair CommissionTotal component unit
General revenues:
273,435 273,435 Property taxes, levied for general purposes
17,697 17,697 Property taxes, levied for regional flood control district
28,354 28,354 Property taxes, levied for library district
58,546 58,546 Property taxes, levied for debt service
6,262 6,262 Hotel/motel taxes, levied for sports facility and tourism
1,509 1,509 Other taxes, levied for stadium district
101,605 101,605 Unrestricted share of state sales tax
23,899 23,899 Unrestricted share of state vehicle license tax
5,035 5,035 Grants and contributions not restricted to specific programs
6,976 6,976 Interest and penalties on delinquent taxes
2,955 1,237 4,192 Investment earnings
16,810 1,4 18,2 Miscellaneous
(16,715) 16,715 Transfers526,368 19,43 545, Total general revenues and transfers
(9,77 ) 54,018 44,24 25 Change in net position1,592,147 723,430 2,315,577 5,8 Net position at beginning of year
$ 777,4481,582,37 $ $ 6,0822,359,81 $ Net position at end of year
Net (Expense) Revenue andChanges in Net Position
Primary Government
General governmentPublic safetyHighways and streetsSanitationHealthWelfareCulture and recreationEducation and economic opportunityAmortization - unallocatedInterest on long-term debt
Other TotalGovernmental Governmental
General Capital Projects Debt Service Funds FundsAssets
s 56,990$ 169,811$ 7,685$ 75,377$ 309,863$ ) 8,702 1,888 1,548 12,138
e 73 38 74 77 262s 2,544 2,159 222 4,925
s 20,625 7,097 6 18,147 45,875 e 1,494 1,952 6,348 9,794
y 1,369 1,369 s 3,384 480 3,864
e 1,894 1,894 1,018 1,018
Cash and cash equivalents Property taxes receivable (net) Interest receivable Due from other funds Due from other governments Accounts receivable Inventory Prepaid expenditures Loan receivable Other assets Restricted cash and cash equivalentss 1,816 45 1,861
Total assets 95,706$ 182,873$ 9,653$ 104,631$ 392,863$
Liabilities, deferred inflows of resources and fund balances
Liabilities: Accounts payable 13,462$ 25,242$ 3$ 16,971$ 55,678$ Interest payable 3 3 Contract retentions 2,532 4 2,536 Employee compensation 14,533 31 4,831 19,395 Due to other funds 140 95 4,726 4,961 Due to other governments 10 70 80 Deposits and rebates 191 1,816 7 2,014 Unearned revenue 2,312 155 4,143 6,610
Total liabilities 30,648 29,871 3 30,755 91,277
Deferred inflows of resources: Unavailable revenue - intergovernmental 8,476 3,213 5,277 16,966 Unavailable revenue - property taxes 8,008 1,802 1,446 11,256 Unavailable revenue - other 384 777 299 1,460
Total deferred inflows of resources 16,868 3,990 1,802 7,022 29,682
Total liabilities and deferred inflows of resources 47,516 33,861 1,805 37,777 120,959
Fund balances Nonspendable 5,278 1,894 7,172 Restricted 145,256 60,984 206,240 Committed 3,836 6,308 10,144 Assigned 181 7,848 4,204 12,233 Unassigned 42,731 (80) (6,536) 36,115
Total fund balances 48,190 149,012 7,848 66,854 271,904
Total liabilities, deferred inflows of resources and fund balances 95,706$ 182,873$ 9,653$ 104,631$ 392,863$
See accompanying notes to financial statements
PIMA COUNTY, ARIZONABalance Sheet - Governmental Funds
June 30, 2014(in thousands)
Exhibit A - 3
38
Fund balances - total governmental funds 271,904$
Amounts reported for governmental activities in the Statement ofNet Position are different because:
Capital assets used in governmental activities are not financial resources and therefore are not reported in the governmental funds.
Governmental capital assets 2,869,451$ Less accumulated depreciation (945,504) 1,923,947
Some liabilities and their associated costs are not due and payable in the current period and therefore are not reported in the governmental funds.
Unamortized deferred outflow for bond refunding 3,520 Bonds payable (549,087) Certificates of participation payable (149,703) Leases and notes payable (640) (695,910)
Some compensated absences are not due and payable shortly afterJune 30, 2014, and therefore are not reported in the governmental funds.
Employee compensation (30,294)
Some liabilities are not due and payable shortly after June 30, 2014, and are therefore not reported in the governmental funds.
Landfill liability (22,771) Pollution remediation liability (639) (23,410)
Some receivables are not available to pay for current period expendituresand, therefore, are reported as unavailable revenue in the governmental funds. 29,682
Internal service funds are used by management to charge the costs of certain activities to individual funds. The assets and liabilities of the internal servicefunds are included in governmental activities in the Statement of Net Position. 106,451
Net position of governmental activities
See accompanying notes to financial statements
Exhibit A - 4PIMA COUNTY, ARIZONAReconciliation of the Balance Sheet of Governmental Funds
to the Statement of Net PositionJune 30, 2014
(in thousands)
$ 1,582,370
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Other TotalGovernmental Governmental
General Capital Projects Debt Service Funds FundsRevenues:
280,965$ 58,737$ 46,127$ 385,829$ 2,928 5,347 8,275
135,953 25,037$ 14 131,078 292,082 35,671 5,054 17,101 57,826 4,211 4,441 8,652
287 762 295 393 1,737
Property taxes Licenses and permits Intergovernmental Charges for services Fines and forfeits Investment earnings Miscellaneous 7,322 1,740 14 8,388 17,464
Total revenues 467,337 32,593 59,060 212,875 771,865
Expenditures: Current:
206,356 41,151 247,507 136,825 20,747 157,572
37,772 37,772 2,521 2,521
3,543 31,814 35,357 92,858 335 93,193 17,859 38,886 56,745
General government Public safety Highways and streets Sanitation Health Welfare Culture and recreation Education and economic opportunity 12,383 21,813 34,196 Capital outlay 135,746 135,746 Debt service - principal 146 112,835 356 113,337
- interest 14 26,758 5 26,777 - miscellaneous 1,030 1,030
Total expenditures 469,984 135,746 140,623 195,400 941,753
Excess (deficiency) of revenues over (under) expenditures (2,647) (103,153) (81,563) 17,475 (169,888)
Other financing sources (uses):239 239
9,488 9,4888,805 8,805
(10,131) (10,131) 78,160 78,160
360 36024,192 46,610 61,489 30,392 162,683
Installment note Premium on bonds Proceeds from refunding debt Payments to escrow agent Face amount of long-term debt issued Proceeds from sale of capital assets Transfers in Transfers (out) (33,887) (67,335) (5,880) (83,038) (190,140)
Total other financing sources (uses) (9,695) 57,435 63,771 (52,047) 59,464
Net change in fund balances (12,342) (45,718) (17,792) (34,572) (110,424)
Fund balances at beginning of year 60,532 194,730 25,640 101,654 382,556
Changes in nonspendable fund balance:(228) (228) Change in inventory
Fund balances at end of year 48,190$ 149,012$ 7,848$ 66,854$ 271,904$
Exhibit A - 5PIMA COUNTY, ARIZONAStatement of Revenues, Expenditures and Changes in Fund Balance
Governmental FundsFor the Year Ended June 30, 2014
(in thousands)
See accompanying notes to financial statements
40
Net change in fund balances - total governmental funds (110,424)$
Amounts reported for governmental activities in the Statement of Activitiesare different because:
Governmental funds report capital outlays as expenditures. However,in the Statement of Activities, the cost of those assets is depreciatedover their estimated useful lives and reported as depreciation expense
Expenditures for capital assets 89,408$ Less current year depreciation (62,32 ) 27,08
The issuance of long-term debt (e.g., bonds, leases) provides current financialresources to governmental funds but increases long-term liabilities in the Statementof Net Position. Repayment of the principal of debt is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position. Also, governmental funds report the effect of deferred outflows of resources, premiums, discounts and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. This amount is the net effect of these differences in the treatment of long-term debt and related items
Face amount of long-term debt issued (78,160)Premium on bonds (9,48 )Proceeds from refunding bonds (8,805)Debt service - principal payments 113,337 Payments to escrow agent 10,131 Installment note (239)Amortization expense 5,75Deferred outflows - interest (1,208) 31,326
Some revenues reported in the Statement of Activities do not representthe collection of current financial resources and therefore are not reported asrevenues in the governmental funds
Donations of capital assets 17,544 Intergovernmental (2,836)Property tax revenues (822)Other 848 14,734
Some expenses reported in the Statement of Activities do not require the use ofcurrent financial resources and therefore are not reported as expenditures in thegovernmental funds
(86) (1,04 ) (1,8 )
Change in compensated absencesChange in landfill liabilityNet book value of capital asset disposalsOther ( ) (3,0 )
Internal service funds are used by management to charge the costs of certainactivities to individual funds. The incorporation of the external activities of these funds, and the elimination of profit/loss generated by primary government customers results in net revenue (expense) for governmental activities 30,57
Change in net position of governmental activities (9,77 )$
See accompanying notes to financial statements
Exhibit A - 6PIMA COUNTY, ARIZONAReconciliation of the Statement of Revenues, Expenditures and
Changes in Fund Balances of Governmental Fundsto the Statement of Activities
For the Year nded June 30, 2014(in thousands)
Exhibit A - 7
Enterprise FundsGovernmental
Regional Other Total Activities-Wastewater Enterprise Enterprise Internal ServiceReclamation Funds Funds Funds
AssetsCurrent assets:
121,427$ 8,354$ 129,781$ 105,837$ 55,457 55,457 570
194 9 203 36 6 6 71 3 6 9 141
18,039 155 18,194 3,1441,877 1,877 717
Cash and cash equivalents Restricted cash and cash equivalents Interest receivable Due from other funds Due from other governments Accounts receivable (net) Inventory Prepaid expense 54 20 74 1,153 Total current assets 197,057 8,544 205,601 111,669Noncurrent assets: Restricted cash and cash equivalents 49,088 49,088 Loan receivable 10,000 Capital assets:
10,862 1,768 12,630 592 838,860 12,927 851,787 967 721,515 721,515 131,586 883 132,469 46,403
(515,502) (10,220) (525,722) (20,771)
Land Buildings and improvements
Sewage conveyance system Equipment
Less accumulated depreciation Construction in progress 60,000 3,730 63,730 14,531
Total capital assets (net of accumulated depreciation) 1,247,321 9,088 1,256,409 41,722 Total noncurrent assets 1,296,409 9,088 1,305,497 51,722
Total assets 1,493,466 17,632 1,511,098 163,391
LiabilitiesCurrent liabilities: Accounts payable 18,960 499 19,459 4,561 Contract retentions 570 Employee compensation 1,611 243 1,854 371 Interest payable 300 300 Due to other funds 12 12 29 Due to other governments 3 3 Unearned revenue 2,506 2,506 Current sewer revenue bonds and obligations payable 47,594 47,594 Current portion of wastewater loans payable 1,535 1,535 Current portion reported but unpaid losses 5,883 Current portion incurred but not reported losses 8,815 Total current liabilities 72,521 742 73,263 20,229 Noncurrent liabilities: Compensated absences payable 2,702 473 3,175 548 Loan payable 10,000 Contracts and notes 7,942 7,942 Sewer revenue bonds and obligations payable 631,125 631,125 Wastewater loans payable 18,145 18,145 Reported but unpaid losses 15,838 Incurred but not reported losses 10,325 Total noncurrent liabilities 659,914 473 660,387 36,711
Total liabilities 732,435 1,215 733,650 56,940
Net positionNet investment in capital assets 577,780 9,088 586,868 41,722Restricted for: Debt service 31,615 31,615 Capital projects 22,720 22,720 Healthcare 7,538 Regional wastewater reclamation 18,820 18,820 Unrestricted 110,096 7,329 117,425 57,191
Total net position 761,031$ 16,417$ 777,448$ 106,451$
Business-type Activities
PIMA COUNTY, ARIZONAStatement of Net Position - Proprietary Funds
June 30, 2014 (in thousands)
See accompanying notes to financial statements
42
Exhibit A - 8
GovernmentalRegional Other Total Activities-
Wastewater Enterprise Enterprise Internal ServiceReclamation Funds Funds Funds
Operating revenues: Charges for services 160,229$ 9,915$ 170,144$ 110,474$ Other 1,447 55 1,502 1,649
Total net operating revenues 161,676 9,970 171,646 112,123
Operating expenses: Employee compensation 34,878 5,338 40,216 8,992 Operating supplies and services 8,070 94 8,164 8,292 Utilities 7,664 7,664 Sludge and refuse disposal 1,512 1,512 Repair and maintenance 6,267 95 6,362 1,470 Incurred losses 52,012 Insurance premiums 10,275 General and administrative 10,810 2,495 13,305 4,411 Consultants and professional services 7,367 434 7,801 4,105 Depreciation 48,592 217 48,809 4,022 Total operating expenses 125,160 8,673 133,833 93,579
Operating income 36,516 1,297 37,813 18,544
Nonoperating revenues (expenses): Investment earnings 1,197 40 1,237 1,206 Sewer connection fees 11,397 11,397 Interest expense (15,529) (15,529) Debt issuance cost (523) (523) Gain/(loss) on disposal of capital assets (3,905) 6 (3,899) (137)
Total nonoperating revenues (expenses) (7,363) 46 (7,317) 1,069
Income before contributions and transfers 29,153 1,343 30,496 19,613
Capital contributions 6,807 6,807 216 Transfers in 51,404 3,667 55,071 16,008 Transfers (out) (36,986) (1,370) (38,356) (5,266)
Change in net position 50,378 3,640 54,018 30,571
Net position at beginning of year 710,653 12,777 723,430 75,880
Net position at end of year 761,031$ 16,417$ 777,448$ 106,451$
Enterprise Funds
Business-type Activities
PIMA COUNTY, ARIZONAStatement of Revenues, Expenses and Changes in Fund Net Position
Proprietary FundsFor the Year Ended June 30, 2014
(in thousands)
See accompanying notes to financial statements
43
Exhibit A - 9
GovernmentalRegional Other Total Activities-
Wastewater Enterprise Enterprise Internal ServiceReclamation Funds Funds Funds
Cash flows from operating activities: Cash received from other funds for goods and services provided 107,639$ Cash received from customers for goods and services provided 160,202$ 9,966$ 170,168$ Cash received from miscellaneous operations 1,447 1,447 1,678 Cash payments to suppliers for goods and services (26,697) (1,560) (28,257) (23,582) Cash payments to other funds for goods and services (11,810) (1,800) (13,610) (5,230) Cash payments for incurred losses (46,919) Cash payments to employees for services (34,738) (4,910) (39,648) (7,924)
Net cash provided by operating activities 88,404 1,696 90,100 25,662
Cash flows from noncapital financing activities: Cash transfers in from other funds 51,404 3,667 55,071 15,981 Cash transfers out to other funds (36,959) (1,370) (38,329) (5,266) Loans with other funds 8,531 8,531 9,865
Net cash provided by noncapital financing activities 22,976 2,297 25,273 20,580
Cash flows from capital and related financing activities: Proceeds from issuance of bonds and loans 48,500 48,500 Principal paid on bonds and loans (36,978) (36,978) Interest paid on bonds and loans (23,364) (23,364) Issuance cost of new debt (523) (523) Proceeds from premium 7,032 7,032 Sewer connection fees 10,990 10,990 Proceeds from sale of capital assets 6 6 722 Purchase of capital assets (102,853) (3,730) (106,583) (18,021)
Net cash (used for) capital and related financing activities (97,196) (3,724) (100,920) (17,299)
Cash flows from investing activities: Loan receivable (10,000) Interest received on cash and investments 1,068 34 1,102 1,176
Net cash provided by (used for) investing activities 1,068 34 1,102 (8,824)
Net increase in cash and cash equivalents 15,252 303 15,555 20,119
Cash and cash equivalents at beginning of year 210,720 8,051 218,771 86,288
Cash and cash equivalents at end of year 225,972$ 8,354$ 234,326$ 106,407$
(continued)
Enterprise Funds
PIMA COUNTY, ARIZONAStatement of Cash Flows - Proprietary Funds
For the Year Ended June 30, 2014(in thousands)
Business-Type Activities —
See accompanying notes to financial statements
44
Exhibit A - 9.1
GovernmentalReconciliation of operating income (loss) to net Regional Other Total Activities-cash provided by (used for) operating activities Wastewater Enterprise Enterprise Internal Service
Reclamation Funds Funds Funds Operating income 36,516$ 1,297$ 37,813$ 18,544$
Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization 48,592 217 48,809 4,022 Changes in assets and liabilities:
Decrease (increase) in assets: Accounts receivable (26) (4) (30) (2,768) Due from other governments (1) (1) (38) Inventory and other assets 1,220 1,220 (32) Prepaid expense (37) (11) (48) 437
Increase (decrease) in liabilities: Accounts payable 2,005 148 2,153 358 Due to other governments (5) (5) Reported but unpaid losses 115 Incurred but not reported losses 4,978 Other liabilities 140 49 189 46
Net cash provided by operating activities 88,404$ 1,696$ 90,100$ 25,662$
Noncash investing, capital, and noncapital financing activities during the year ended June 30, 2014:
Regional Wastewater Reclamation Enterprise Fund received developer-built conveyance systems with estimated fair value of $6,541 and received other capital assets totaling $76. These contributions were recorded as an increase in capital assets and capital contributions.
Regional Wastewater Reclamation Enterprise Fund retired capital assets with a net book value of $3,905.
Regional Wastewater Reclamation Enterprise Fund transferred out assets with a value of $27 to the County's Internal Service Fund. Regional Wastewater Reclamation Enterprise Fund received assets from the County's general government in the amount of $278. This transaction was recorded as an increase in capital assets and capital contributions.
Regional Wastewater Reclamation Enterprise Fund recorded a Pima County Board of Supervisors' approved Connection Flow-Through Sewer Credit Agreement in the amount of $95. This transaction was recorded as an increase to unearned revenue and a decrease in capital contributions.
The Regional Wastewater Reclamation Enterprise Fund retired expired Sewer Credit Agreements totaling $7. This transaction was recorded as a decrease to unearned revenue and an increase in capital contributions.
Other Enterprise Funds retired fully depreciated capital assets with an original cost of $263.
Internal Service Funds received a transfer in of capital assets from Regional Wastewater Reclamation with a net book value of $27. Internal Service Funds received capital contributions with a value of $216 from General Government and sold capital assets with a net book value of $859.
Enterprise Funds
PIMA COUNTY, ARIZONAStatement of Cash Flows - Proprietary Funds
For the Year Ended June 30, 2014(in thousands)
Business-Type Activities —(continued)
See accompanying notes to financial statements45
InvestmentTrust AgencyFunds Funds
AssetsCash and cash equivalents 144,516$ 68,890$ Interest receivable 136 Due from other governments 1,174
Total assets 144,652$ 70,064$
LiabilitiesEmployee compensation 115$ Due to other governments 37,894 Deposits and rebates 32,055
Total liabilities 70,064$
Net positionHeld in trust for pool participants 144,652$
PIMA COUNTY, ARIZONA
Statement of Fiduciary Net Position - Fiduciary FundsJune 30, 2014
(in thousands)
Exhibit A - 10
See accompanying notes to financial statements
46
InvestmentTrustFunds
Additions
Contributions from participants 2,452,239$ Total contributions 2,452,239
Investment earnings 957 Total investment earnings 957
Total additions 2,453,196
Deductions Distributions to participants 2,515,033
Total deductions 2,515,033
Change in net position (61,837)
Net position held in trust July 1, 2013 206,489
Net position held in trust June 30, 2014 144,652$
PIMA COUNTY, ARIZONA
Statement of Changes in Fiduciary Net Position Fiduciary Funds
For the Year Ended June 30, 2014(in thousands)
Exhibit A - 11
See accompanying notes to financial statements
47
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 1: Summary of Significant Accounting Policies
Pima County’s accounting policies conform to generally accepted accounting principles applicable to governmental units adopted by the Governmental Accounting Standards Board (GASB).
A. Reporting Entity
The County is a general purpose local government that is governed by a separately elected board of supervisors. The accompanying financial statements present the activities of the County (the primary government) and its component units.
Component units are legally separate entities for which the County is considered to be financially accountable. Blended component units, although legally separate entities, are so intertwined with the County that they are in substance part of the County’s operations. Component units should be blended in the County’s financial statements when the component unit’s governing body is substantively the same as the County’s governing body and there is either a financial benefit or burden relationship between the County and the component unit or County management has operational responsibility for it; the component unit provides services entirely, or almost entirely, to the County; or the component unit’s total debt outstanding is expected to be repaid entirely or almost entirely with the County’s resources. Therefore, data from these units is combined with data of the County. Discretely presented component units, on the other hand, are reported in a separate column in the government-wide financial statements to emphasize they are legally separate from the County. Each blended and discretely presented component unit discussed below has a June 30 year-end.
The following describes the County’s component units:
The Pima County Stadium District, a legally separate entity, was originally created to provide regional leadership and fiscal resources to ensure the presence of major league baseball in Pima County. However, in 2008 and 2010, the Chicago White Sox and the Arizona Diamondbacks Major League Baseball teams terminated their agreements with the District and moved to newer, larger facilities in Maricopa County. Since their departure, the District has taken steps to repurpose and diversify the use of the Stadium and to decrease costs and increase revenue. The Kino Sports Complex is dedicated primarily to soccer activities with a lighted 2,000-seat North Grandstand field, four more soccer fields, and a 2,000-seat stadium under construction. Additional amenities include two lighted softball fields and the Kino Environmental Restoration Project. The facility hosts youth athletics, amateur and professional sports, concerts and community events on its fields. The County Board of Supervisors serves as the Board of Directors of the District. Acting in the capacity of the Board of Directors, the Pima County Board of Supervisors is able to impose its will on the District. The Board of Directors levies the car rental surcharge rates and the recreation vehicle (RV) park tax for the District. The District is reported as a special revenue fund (blended component unit) in these financial statements. Complete financial statements for the District can be obtained from the Pima County Department of Finance and Risk Management located at 130 West Congress Street, Tucson, Arizona 85701.
The Pima County Library District was established in 1986 when legislation allowed full taxing authority and the ability to enter into agreements with other jurisdictions for the provision of library services. The Library District provides and maintains library services for the County’s residents. The Pima County Board of Supervisors is the Board of Directors of the District. The Library District is reported as a special revenue fund (blended component unit) in these financial statements. Separate financial statements for the District are not available.
The Pima County Regional Flood Control District was established in 1978. The District is responsible for floodplain management activities for the unincorporated areas of Pima County (except national forests, parks, monuments and Native American Nations), the City of South Tucson, and the Town of Sahuarita. The Pima County Board of Supervisors is the Board of Directors for the Flood Control District. The Regional Flood Control District is reported as a special revenue fund (blended component unit) in these financial statements. Separate financial statements for the District are not available.
48
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 1: Summary of Significant Accounting Policies (continued)
The Pima County Street Lighting Districts (SLDs) operate and maintain street lighting for specific regions in areas outside local city jurisdictions. The Pima County Board of Supervisors serves as the Board of Directors. SLDs are reported as a special revenue fund in these financial statements and meet substantively the same criteria as blended component units. Separate financial statements for the SLDs are not available.
The Southwestern Fair Commission, Inc. (SFC) is a nonprofit corporation which manages and maintains the fairgrounds owned by the County and conducts annual fair and other events at the fairgrounds. The Commission’s members are appointed and can be removed at any time by the Pima County Board of Supervisors. Based on these factors, and because SFC does not provide services entirely, or almost entirely to the County, but rather to the general citizenry, SFC is reported as a separate component unit (discrete presentation) in these financial statements. Complete financial statements for SFC can be obtained from the Pima County Department of Finance and Risk Management located at 130 West Congress Street, Tucson, Arizona 85701.
Related Organization:
The Industrial Authority of Pima County (Authority) is a legally separate entity that was created to promote economic development and the development of affordable housing. The Authority fulfills its function through the issuance of tax-exempt bonds. The County Board of Supervisors appoints the Authority’s Board of Directors. The Authority’s operations are completely separate from the County and the County is not financially accountable for the Authority. Therefore, the financial activities of the Authority have not been included in the accompanying financial statements.
B. Basis of Presentation
The basic financial statements include both government-wide statements and fund financial statements. The government-wide statements focus on the County as a whole, while the fund financial statements focus on major funds. Each presentation provides valuable information that can be analyzed and compared between years and between governments to enhance the information’s usefulness.
Government-wide statements - Provide information about the primary government (the County) and its component units. The statements include a statement of net position and a statement of activities. These statements report the overall government’s financial activities except for fiduciary activities. The statements also distinguish between the governmental and business-type activities of the County and between the County and its discretely presented component units. Governmental activities generally are financed through taxes and intergovernmental revenues. Business-type activities are financed in whole or in part by fees charged to external parties.
A statement of activities presents a comparison between direct expenses and program revenues for each function of the County’s governmental activities and segment of its business-type activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. The County does not allocate indirect expenses to programs or functions. Program revenues include:
charges to customers or applicants for goods, services, or privileges provided; operating grants and contributions; and capital grants and contributions, including special assessments.
Revenues that are not classified as program revenues, including internally dedicated resources and all taxes the County levies or imposes, are reported as general revenues.
49
Note 1: Summary of Significant Accounting Policies (continued)
Generally, the effect of interfund activity has been eliminated from the government-wide financial statements to minimize the double-counting of internal activities. However, charges for interfund services provided and used are not eliminated if the prices approximate their external exchange values.
Fund financial statements - Provide information about the County’s funds, including fiduciary funds and blended component units. Separate statements are presented for the governmental, proprietary, and fiduciary fund categories. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. Fiduciary funds are aggregated and reported by fund type.
Proprietary fund revenues and expenses are classified as either operating or nonoperating. Operating revenues and expenses generally result from transactions associated with the fund’s principal activity. Accordingly, revenues, such as user charges, in which each party receives and gives up essentially equal values, are operating revenues. Other revenues result from transactions in which the parties do not exchange equal values and are considered nonoperating revenues such as connection fees, intergovernmental revenues, along with investment earnings and revenues ancillary activities generate. Operating expenses include the cost of services, administrative expenses, and depreciation on capital assets. Other expenses, such as interest expense, are considered nonoperating expenses.
The County reports the following major governmental funds:
The General Fund is the County’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The General Fund revenues are primarily from property taxes and intergovernmental revenues.
The Capital Projects Fund accounts for financial resources to be used for the acquisition or construction of capital facilities and other capital assets, other than those financed by proprietary funds. Capital Projects Fund revenues are from intergovernmental, face amount of long-term debt and transfers in.
The Debt Service Fund accounts for the accumulation of resources for, and the payment of, general long-term debt principal and interest. Revenues are from property taxes, proceeds from refunding debt, and transfers in.
The County reports the following major enterprise fund:
Regional Wastewater Reclamation (RWR) accounts for the management and operation of wastewater treatment and water pollution control programs. Revenues are from charges for services and connection fees.
The County also reports the following fund types:
Internal Service Funds account for fleet maintenance and operation, insurance, printing services, and telecommunications services provided to the County’s departments or to other governments on a cost-reimbursement basis. The County transitioned to a medical self-insurance model on July 1, 2013 that is funded by employee and employer premium rates.
Investment Trust Funds account for pooled assets and individual investment accounts the County Treasurer holds and invests on behalf of other governmental entities.
Agency Funds account for assets the County holds as an agent for the State, cities, towns, and other parties.
50
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 1: Summary of Significant Accounting Policies (continued)
C. Basis of Accounting
The government-wide, proprietary fund, and fiduciary fund financial statements are presented using the economic resources measurement focus and the accrual basis of accounting. The agency funds are custodial in nature and do not have a measurement focus but utilize the accrual basis of accounting for reporting its assets and liabilities. Revenues are recorded when earned, and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Property taxes are recognized as revenue in the year for which they are levied. Grants and donations are recognized as revenue as soon as all eligibility requirements the provider imposed have been met.
Under the terms of grant agreements, the County funds certain programs by a combination of grants and general revenues. Therefore, when program expenses are incurred, there are both restricted and unrestricted net position resources available to finance the program. The County applies grant resources to such programs before using general revenues.
Governmental funds in the fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when they become both measurable and available. The County recognizes property taxes to be available if collected within 30 days. In addition, other taxes that are reported as intergovernmental revenues, i.e. state shared sales tax, highway user revenues and vehicle license tax, recreational vehicle taxes, car rental surcharges, and hotel excise taxes are also recognized if collected within 30 days. Grant funded intergovernmental revenues are considered available if collected within 60 days after fiscal year-end. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, compensated absences, landfill closure and postclosure care costs, and pollution remediation obligations, which are recognized as expenditures to the extent they are due and payable. General capital asset acquisitions are reported as expenditures in governmental funds. Issuances of general long-term debt and acquisitions under capital lease agreements are reported as other financing sources.
D. Cash and Investments
For the statement of cash flows, the County’s cash and cash equivalents are considered to be cash on hand, demand deposits, cash and investments held by the County Treasurer, investments in the State Treasurer’s Local Government Investment Pool, and only those highly liquid investments with a maturity of 3 months or less when purchased.
Nonparticipating interest-earning investment contracts are stated at cost. Money market investments and participating interest-earning investment contracts with a remaining maturity of 1 year or less at the time of purchase are stated at amortized cost. All other investments are stated at fair value.
E. Inventories
Inventories in the government-wide and proprietary funds’ financial statements are recorded as assets when purchased and expensed when consumed.
The County accounts for its inventories in the Health Fund using the purchase method. Inventories of the Health Department consist of expendable supplies held for consumption and are recorded as expenditures at the time of purchase. Amounts on hand at year-end are shown on the balance sheet as an asset for informational purposes only and as nonspendable fund balance to indicate that they do not constitute “available spendable resources.” These inventories are stated at cost using the first-in, first-out method or average cost method.
51
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 1: Summary of Significant Accounting Policies (continued)
Inventories of the Transportation Department are recorded as assets when purchased and expensed when used. Inventories in Transportation are valued at lower of cost or market, cost being determined using the moving average method.
Inventories of RWR, an enterprise fund, are valued at lower of cost or market, cost being determined using the moving average method.
Inventories of Internal Service Funds are valued at lower of cost or market, cost being determined using the moving average method.
F. Property Tax Calendar
The County levies real and personal property taxes on or before the third Monday in August that become due and payable in two equal installments. The first installment is due on the first day of October and becomes delinquent after the first business day of November. The second installment is due on the first day of March of the next year and becomes delinquent after the first business day of May. A lien assessed against real and personal property attaches on the first day of January preceding assessment and levy.
G. Capital Assets
Capital assets are reported at actual cost or estimated historical cost if historical records are not available. Donated assets are reported at estimated fair value at the time received.
Capitalization thresholds (the dollar values above which asset acquisitions are added to the capital asset accounts), depreciation methods, and estimated useful lives of capital assets are as follows:
Capitalization Depreciation Estimated
Threshold Method Useful Life
Land All N/A N/A
Land improvements (Reported in buildings and improvements) All Straight Line 20 - 30 Years
Buildings and improvements $100 Straight Line 10 - 50 Years
Equipment $5 Straight Line 4 - 25 Years
Infrastructure/Sewer conveyance systems $100 Straight Line 10 - 50 Years
Intangible (Reported in land, equipment, and infrastructure) $100 Straight Line Varies
Discretely presented component unit:
The Southwestern Fair Commission, Inc. capital assets are reported at actual cost. Depreciation is provided by the straight-line method over the assets’ estimated useful life, which range from 3 to 40 years.
H. Deferred Outflows/Inflows of Resources
The statement of net position and balance sheet include separate sections for deferred outflows of resources and deferred inflows of resources. Deferred outflows of resources represent a consumption of net position that applies to
52
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 1: Summary of Significant Accounting Policies (continued)
future periods that will be recognized as an expense or expenditure in future periods. Deferred inflows of resources represent an acquisition of net position or fund balance that applies to future periods and will be recognized as a revenue in future periods.
I. Fund Balance Classifications
The governmental funds’ fund balances are reported separately within classifications based on a hierarchy of the constraints placed on those resources’ use. The classifications are based on the relative strength of the constraints that control how the specific amounts can be spent. The classifications are nonspendable, restricted, and unrestricted, which includes committed, assigned, and unassigned fund balance classifications.
The nonspendable fund balance classification includes amounts that cannot be spent because they are either not in spendable form, such as inventories, or are legally or contractually required to be maintained intact. Restricted fund balances are those that have externally imposed restrictions on their usage by creditors (such as through debt covenants), grantors, contributors, or laws and regulations.
The unrestricted fund balance category is composed of committed, assigned, and unassigned resources. Committed fund balances are self-imposed limitations that the County’s Board of Supervisors approved, which is the highest level of decision-making authority within the County. Only the Board can remove or change the constraints placed on committed fund balances. This approval must be given at a regular supervisory meeting.
Assigned fund balances are resources constrained by the County’s intent to be used for specific purposes, but are neither restricted nor committed. The Board of Supervisors has authorized the County Administrator to make assignments of resources for a specific purpose. Modifications or rescissions of the constraints can also be removed by the same action that limited the funds.
The unassigned fund balance is the residual classification for the General Fund and includes all spendable amounts not reported in the other classifications. Also, deficits in fund balances of the other governmental funds are reported as unassigned.
When an expenditure is incurred that can be paid from either restricted or unrestricted fund balances, it is the County’s policy to use restricted fund balance first. For the disbursement of unrestricted fund balances, the County will use committed amounts first, followed by assigned amounts, and lastly unassigned amounts.
J. Investment Earnings
Investment earnings are composed of interest, dividends, and net changes in the fair value of applicable investments.
K. Compensated Absences
Compensated absences payable consists of vacation leave and a calculated amount of sick leave employees earned based on services already rendered.
Employees may accumulate up to 240 hours of vacation depending on years of service, but they forfeit any unused vacation hours in excess of the maximum amount at fiscal year-end. Upon terminating employment, the County pays all unused and unforfeited vacation benefits to employees. Accordingly, vacation benefits are accrued as a liability in the government-wide and proprietary funds’ financial statements. A liability for these amounts is reported in the governmental funds’ financial statements only if they have matured, for example, as a result of employee resignations and retirements by fiscal year-end.
53
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 1: Summary of Significant Accounting Policies (continued)
Employees may accumulate up to 1920 hours of sick leave. Generally, sick leave benefits provide for ordinary sick pay and are cumulative but employees forfeit them upon terminating employment. Because sick leave benefits do not vest with employees, a liability for sick leave benefits is not accrued in the financial statements. However, employees who have accumulated greater than 240 hours of sick leave and are eligible to retire will receive some benefits. An estimate of those retirement payouts is accrued as a liability in government-wide and proprietary funds’ financial statements in Employee Compensation for the current portion and under Noncurrent Liabilities for the noncurrent portion. Compensated absences for the governmental funds is accrued based on vacation and sick leave paid within the first two pay periods after fiscal year-end and is reported in Employee Compensation. Employees who are eligible to retire from County service into the Arizona State Retirement System, Public Safety Personnel Retirement System, or Corrections Officer Retirement Plan may request sick leave be converted to annual leave on a predetermined conversion basis.
54
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 2: Fund Balance Classifications of the Governmental Funds
The table below details the fund balance categories and classifications.
OtherGeneral Capital Projects Debt Service Governmental CAFR
Fund Fund Fund Funds TotalFund Balance:
Nonspendable:1,369$ 1,369$
3,384$ 480 3,864 1,894 1,894
InventoryPrepaid expendituresLoan receivable Permanent fund principal 45 45
Total nonspendable 5,278 1,894 7,172
Restricted for:Capital Projects
Streets and highways 57,155$ 57,155 Other 34,792 34,792 Justice Court /Public Service Center 42,813 42,813
Judicial activities 21,829 21,829 Flood Control District 10,496 11,690 22,186 Health 5,128 5,128 Law enforcement 2,153 2,153 Library District 5,991 5,991 School reserve 536 536 Social services 1,368 1,368 Streets and highways 9,704 9,704Tire fund 1,307 1,307 Other purposes 1,278 1,278
Total restricted 145,256 60,984 206,240
Committed to:Judicial activities 124 124 Parks and recreation 220 981 1,201 School reserve 238 238 Sports promotion (Stadium) 1,225 1,225 Other purposes 3,616 3,740 7,356
Total committed 3,836 6,308 10,144
Assigned to:Debt service reserve 7,848$ 7,848 Health 1,358 1,358 Landfill 379 379 Law enforcement 176 322 498 School reserve 920 920 Other purposes 5 1,225 1,230
Total assigned 181 7,848 4,204 12,233
Unassigned: 42,731 (80) (6,536) 36,115 Total Fund Balance 48,190$ 149,012$ 7,848$ 66,854$ 271,904$
55
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 3: Cash and Investments
Primary Government
Arizona Revised Statutes (A.R.S.) authorize the County to invest public monies in the State Treasurer’s investment pool; obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations, or instrumentalities; specified state and local government bonds, notes, and other evidences of indebtedness; interest-earning investments such as savings accounts, certificates of deposit, and repurchase agreements in eligible depositories; specified commercial paper issued by corporations organized and doing business in the United States; specified bonds, debentures, notes, and other evidences of indebtedness that are denominated in United States dollars; and certain open-end and closed-end mutual funds, including exchange traded funds. In addition, the County Treasurer may invest trust funds in certain fixed income securities of corporations doing business in the United States or District of Columbia.
Credit risk—The State statutes have the following requirements for credit risk:
1. Commercial paper must be of prime quality and be rated within the top two ratings by a nationallyrecognized rating agency.
2. Corporate bonds, debentures and notes that are denominated in United States dollars must be rated ̎ A ̎or better by at least two nationally recognized rating agencies at the time of purchase.
3. Fixed income securities must carry one of the two highest ratings by Moody’s Investors Service andStandard and Poor’s rating service. If only one of the above-mentioned services rates the security, itmust carry the highest rating of that service.
Custodial credit risk—Statutes require collateral for demand deposits and certificates of deposit at 101 percent of all deposits not covered by federal depository insurance.
Concentration of credit risk—Statutes do not include any requirements for concentration of credit risk.
Interest rate risk—Statutes require that public monies invested in securities and deposits have a maximum maturity of 5 years. Investments in repurchase agreements must have a maximum maturity of 180 days.
Foreign currency risk—Statutes do not allow foreign investments unless the investment is denominated in United States dollars.
Deposits—At June 30, 2014, the carrying amount of the County’s deposits was $57,664, and the bank balance was $61,206.
Custodial credit risk—Custodial credit risk is the risk that the County will not be able to recover its deposits if a financial institution fails. The County does not have a formal policy with respect to custodial credit risk. As of June 30, 2014, $4,599 of County’s bank balance was exposed to custodial credit risk because it was uninsured and uncollateralized.
56
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 3: Cash and Investments (continued)
Investments—At June 30, 2014, the County’s investments consisted of $361,411 invested in marketable securities and $446,740 invested in the State Treasurer’s Investment Pool. Cash from the County and from externally legally separate governments are pooled to purchase the investments in marketable securities and the State Treasurer’s Pool. The State Board of Investment provides oversight for the State Treasurer’s pools. The fair value of a participant’s position in the pool approximates the value of that participant’s pool shares and the participant’s shares are not identified with specific investments.
Credit risk—Credit risk is the risk that an issuer or counterparty to an investment will not fulfill its obligations. The County does not have a formal investment policy with respect to credit risk.
At June 30, 2014, credit risk for the County’s investments was as follows:
Investment Type Rating Rating Agency Amount
Commercial paper A1/P1 S&P / Moody's 9,989$ Corporate bonds B+/B1 S&P / Moody's 249,873 Municipal bonds Unrated 10,773 Federal Farm Credit Bank AA+/Aaa S&P / Moody's 15,898 Federal Home Loan Bank AA+/Aaa S&P / Moody's 34,013
Money market mutual fund AAAm/Aaa-mf S&P / Moody's 29,088 Marketable securities 349,634
State Treasurer Investment Pool 5 AAAf/S1+ S&P 283,182 State Treasurer Investment Pool 500 Unrated 101,357 State Treasurer Investment Pool 7 Unrated 62,201
State Treasurer's Investment Pool 446,740
Total 796,374$
Custodial credit risk—For an investment, custodial risk is the risk that, in the event of the counterparty’s failure, the County will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The County has no formal policy with respect to custodial credit risk. Of the County’s $808,151 of investments, $332,323, consisting of the commercial paper, corporate bonds, municipal bonds, Federal Farm Credit Bank, Federal Home Loan Bank, and U.S. Treasury notes, is uninsured and held by a counterparty in the County’s name in book entry form.
Concentration of credit risk—The County has no formal policy with respect to limiting the amount the Treasurer may invest in any one issuer. The County’s exposure as of June 30, 2014 is less than 5% per issuer.
Interest rate risk—Interest rate risk is the risk that changes in interest rates will adversely affect an investment’s fair value. The County does not have a formal investment policy with respect to interest rate risk.
57
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 3: Cash and Investments (continued)
As of June 30, 2014, the County had the following investments:
Weighted AverageInvestment Type Amount Maturity (Years)
State Treasurer Investment Pool 5 283,182$ 0.16State Treasurer Investment Pool 500 101,357 5.59State Treasurer Investment Pool 7 62,201 0.05Commercial paper 9,989 0.47Corporate bonds 249,873 1.59Municipal bonds 10,773 Federal Farm Credit Bank 15,898 2.36Federal Home Loan Bank 34,013 3.15U.S. Treasury Notes 11,777 1.34Money market mutual fund 29,088 0.13
Total 808,151$
A reconciliation of cash, deposits, and investments to amounts shown on the Statements of Net Position follows:
Cash on Amount of Amount ofHand Deposits Investments Total
Cash, deposits, and investments: 48$ 57,664$ 808,151$ 865,863$
Governmental Business-type Investment AgencyActivities Activities Trust Funds Funds Totals
Statement of Net Position: Cash and cash equivalents 415,700$ 129,781$ 144,516$ 68,890$ 758,887$ Restricted cash and cash equivalents 2,431 104,545 106,976 Total 418,131$ 234,326$ 144,516$ 68,890$ 865,863$
County Treasurer’s Investment Pool—Arizona Revised Statutes require community colleges, school districts, and other local governments to deposit certain public monies with the County Treasurer. The County Treasurer has a fiduciary responsibility to administer those and the County monies under her stewardship. The County Treasurer invests, on a pool basis, all monies not specifically invested for a fund or program. In addition, the County Treasurer determines the fair value of those pooled investments annually at June 30. The County Treasurer’s Investment Pool is not registered with the Securities and Exchange Commission as an investment company and there is no regulatory oversight of its operations. The structure of the Pool does not provide for shares and the County has not provided or obtained any legally binding guarantees to support the value of the participants’ investments. The County Treasurer allocates interest earnings to each of the Pool’s participants. Substantially, all deposits and investments of the County’s primary government are included in the County Treasurer’s investment pool. Therefore, the deposit and investment risks of the Treasurer’s investment pool are substantially the same as the County’s deposit and investment risks disclosed above.
(in thousands)
Note 3: Cash and Investments (continued)
The Pool’s assets consist of the following:
InterestPrincipal Rates Maturities Fair Value
Commercial paper 10,000$ 0.00% 12/14 9,989$ Corporate bonds 240,401 0.40-7.13% 07/14-06/18 249,873 Municipal bonds 10,773 Federal Farm Credit Bank 15,898 Federal Home Loan Bank 34,013 U.S. Treasury Notes 11,777 State Treasurer Investment Pool 5 147,502 N/A N/A 147,502 Deposits 21,316 N/A N/A 21,316 Interest receivable 136 N/A N/A 136
Total assets 501,277$
A condensed statement of the investment pool’s net position and changes in net position follows:
Statement of Net PositionAssets held in trust for:
Internal participants 425,578$ External participants 75,699
Total assets 501,277 Total liabilitiesTotal net position held in trust 501,277$
Statement of Changes in Net PositionTotal additions 5,929,669$ Total deductions (5,997,783) Net decrease (68,114) Net position held in trust:
July 1, 2013 569,391 June 30, 2014 501,277$
(in thousands)
0.25-1.5% 07/1 -0 /0.35-2.08% 11/15-9/180.5-1.25% 11/16-11/18
0.75-2.63% 07/14-06/17
10,710
15,828
34,000
11,700
Note 4: Due from Other Governments
Governmental activities:
Capital Debt Other Internal TotalGeneral Projects Service Governmental Service Governmental
Fund Fund Fund Funds Funds Activities
Federal government:Grants and contributions 69$ 6$ 2,608$ 2,683$
State of Arizona:Taxes and shared revenues 19,016 1,150$ 4,792 24,958 Grants and contributions 8,224 3 8,227
Cities:Reimbursement for services 1,446 525 2,456 121 4,548
Other governments:Reimbursement for services 94 5,422 67 17 5,600
Total due from other governmentsfund based statements 20,625$ 7,097$ 6$ 18,147$ 141$ 46,016$
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
$
60
N 5: C
Capital asset activity for the year ended June 30, 2014, was as follows:
Balance BalanceJuly 1, 2013 Increases Decreases June 30, 2014
Governmental activities:Capital assets not being depreciated:Land 487,902$ 11,357$ (96)$ 499,163$ Construction in progress 297,266 88,680 (173,632) 212,314 Total capital assets not being depreciated 785,168 100,037 (173,728) 711,477
Capital assets being depreciated:Buildings and improvements 657,161 36,312 (82) 693,391 Infrastructure 1,221,637 112,686 (1,642) 1,332,681 Equipment 155,586 50,383 (11,574) 194,395 Total capital assets being depreciated 2,034,384 199,381 (13,298) 2,220,467
(196,366) (18,902) 59 (215,209) (630,676) (35,090) 387 (665,379)
(83,615) (12,352) 10,280 (85,687)
Less accumulated depreciation for:Buildings and improvements
EquipmentTotal accumulated depreciation (910,657) (66,344) 10,726 (966,275)
Total capital assets being depreciated, net 1,123,727 133,037 (2,572) 1,254,192
Governmental activities capital assets, net 1,908,895$ 233,074$ (176,300)$ 1,965,669$
Balance BalanceJuly 1, 2013 Increases Decreases June 30, 2014
Business-type activities:Capital assets not being depreciated:Land 12,554$ 76$ 12,630$ Construction in progress 500,964 92,401 (529,635)$ 63,730 Total capital assets not being depreciated 513,518 92,477 (529,635) 76,360
395,247 473,802 (17,262) 851,787 693,048 30,902 (2,435) 721,515 107,036 32,024 (6,591) 132,469
Capital assets being depreciated:Buildings and improvements
EquipmentTotal capital assets being depreciated 1,195,331 536,728 (26,288) 1,705,771
(190,303) (25,930) 16,088 (200,145) (269,768) (13,538) 1,545 (281,761)
(39,225) (9,341) 4,750 (43,816)
Less accumulated depreciation for:Buildings and improvements
EquipmentTotal accumulated depreciation (499,296) (48,809) 22,383 (525,722)
Total capital assets being depreciated, net 696,035 487,919 (3,905) 1,180,049 Business-type activities capital assets, net 1,209,553$ 580,396$ (533,540)$ 1,256,409$
(in thousands)
Depreciation expense was charged to functions as follows:
Governmental activities:General government 12,425$ Public safety 9,824Highways and streets 31,673Sanitation 401Health 488Welfare 74Culture and recreation 6,597Education and economic opportunity 840Internal service funds 4,022
Total governmental activities depreciation expense 66,344$
217$ 48,592
Business-type activities:Parking GaragesRegional Wastewater Reclamation Department
Total business-type activities depreciation expense 48,809$
Balance BalanceJuly 1, 2013 Increases Decreases June 30, 2014
Discretely presented component unit:Southwestern Fair Commission (SFC):
Capital assets being depreciated:Buildings and improvements 5,974$ 491$ 6,465$ Equipment 2,521 134 (24)$ 2,631 Total capital assets being depreciated 8,495 625 (24) 9,096
Less accumulated depreciation for:Buildings and improvements (3,339) (304) (3,643) Equipment (2,021) (189) 24 (2,186) Total accumulated depreciation (5,360) (493) 24 (5,829)
Total capital assets being depreciated, net 3,135 132 3,267
SFC capital assets, net 3,135$ 132$ 3,267$
(in thousands)
(in thousands)
Note 6: Claims, Judgments and Risk Management
Self-Insurance Trust Fund (SIT Fund)
The SIT Fund, an internal service fund, accounts for the financing of the insured risk of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; medical malpractice; environmental claims; and natural disasters. The SIT Fund is liable for any single general or automobile liability claim up to $2,500 per occurrence, any workers’ compensation claim up to $1,000 per occurrence, and any single medical malpractice claim up to $1,000 per occurrence or any medical malpractice claims in aggregate up to $5,000 in any policy year. The County purchases commercial insurance for claims in excess of coverage provided by the SIT Fund. Settled claims have not exceeded insurance coverage in any of the last 3 fiscal years.
Payment of unemployment claims is fully self-funded. Payment of environmental claims is generally self-funded, although some claims filed could result in past insurers being liable for such losses.
All of the County’s departments participate in the SIT Fund. With the exception of environmental and unemployment losses, charges are based on actuarial estimates of the amounts needed to pay prior- and current-year claims. Charges for environmental losses are based on historical experience. Charges for unemployment losses are based on actual claims paid.
Claims liabilities at June 30, 2014, for each insurable area are as follows:
335$ 10,48721,605
234
Auto liabilityGeneral liabilityWorkers' compensationMedical malpracticeEnvironmental liability 1,500
$ 34,161
The above amounts, excluding environmental and unemployment, are reported at their present value using an expected future investment yield assumption of 2 percent.
Changes in the unpaid claims liability reported in the SIT Fund are as follows:
Current-YearClaims and
Balance Changes in Claims BalanceYear July 1 Estimates Payments June 30
2012-13 35,397 7,676 (7,305) 35,7682013-14 35,768 4,851 (6,458) 34,161
Health Benefits Self-Insurance Trust Fund (HBT Fund)
During fiscal year 2013-2014, the County created the HBT Fund, an internal service fund, to account for the financing of the County’s self-insured medical/pharmacy plan for employees and their dependents. TheHBT Fund is responsible for collecting employer and employee premiums through payroll deductions and
$ $$ $
(in thousands)
Note 6: Claims, Judgments and Risk Management (continued)
reimbursing Aetna, acting as a third-party administrator, for the payment of claims. The plan consists of two plan options, a High Deductible Health Plan and a Preferred Provider Organization Plan. The County purchases commercial stop-loss insurance coverage for claims in excess of coverage provided by the HBT Fund. Settled claims have not exceeded insurance coverage during the past fiscal year.
Claim liabilities are computed using a combination of two actuarial methods: the completion factor approach and the exposure approach. Accrued actuarial liabilities for the HBT Fund at June 30, 2014 for each plan option are as follows:
High-Deductible Health Plan:$ 2,843Medical
Pharmacy 973
Preferred Provider Organization Plan:2,149Medical
Pharmacy 735$ 6,700
Changes in the unpaid claims liabilities reported in the HBT Fund are as follows:
Current-YearClaims and
Balance Changes in Claims BalanceYear July 1 Estimates Payments June 30
2013-14 -$ 47,161 6,700 (40,461) $
Litigation
Pima County is a defendant in a number of court actions. In the opinion of County management, the final disposition of these actions, if unfavorable, will not have a material effect upon the County's financial statements.
Pollution Remediation
The County has estimated and reported an environmental liability of $639 in the government-wide financial statements for governmental activities (in noncurrent liabilities). Remediation efforts are currently underway at one County site: El Camino del Cerro.
Remediation efforts continue at the El Camino del Cerro site which is approximately bordered by the Santa Cruz River on the west, Interstate 10 on the east and El Camino del Cerro Road on the south. The groundwater contamination is suggested to resonate from the municipal and solid waste landfill operated on the site from 1973 to 1977.
The estimated liability was calculated based upon the expected future outlays associated with the estimate of one pump-and-treat system for one year. There is potential for changes due to increased costs associated with sewage disposal costs, construction costs for extraction and injection wells, and/or changes in the estimated extent of contamination.
Note 7: Long-Term Liabilities
The following schedule details the County’s long-term liability and obligation activity for the year ended June 30, 2014.
Balance Balance Due withinJuly 1, 2013 Additions Reductions June 30, 2014 1 year
Governmental activities:
General obligation bonds $ 456,690 10,000$ 59,415$ 407,275$ 36,815$ Unamortized premium/discount 10,678 409 2,356 8,731 2,059 Total general obligation bonds 467,368 10,409 61,771 416,006 38,874
Transportation revenue bonds 126,015 24,805 21,995 128,825 13,685 Unamortized premium/discount 2,589 2,696 1,029 4,256 1,292 Total transportation revenue bonds 128,604 27,501 23,024 133,081 14,977
Certificates of participation 127,735 52,160 40,995 138,900 29,680 Unamortized premium/discount 6,759 6,383 2,339 10,803 2,463 Total certificates of participation 134,494 58,543 43,334 149,703 32,143
Capital leases payable:Other capital leases 298 298 Total capital leases 298 298
Installment note payable 605 239 204 640 228 Total installment note payable 605 239 204 640 228
Reported but unpaid losses (Note 6) 21,606 44,936 44,821 21,721 5,883 Incurred but not reported losses (Note 6) 14,162 7,075 2,097 19,140 8,815
Landfill closure and post-closurecare costs (Note 8) 21,730 1,041 22,771
Pollution remediation (Note 6) 734 95 639
Compensated absences payable * 30,739 103 30,842
Total governmental activities long-term liabilities $ 820,340 $ 149,847 $ 175,644 $ 794,543 $100,920
* There was a change in reporting the current and non-current portions of the Compensated absences payable. The currentportion of Compensated absences payable of $2,636 is reported as Employee compensation.
65
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
Balance Balance Due withinJuly 1, 2013 Additions Reductions June 30, 2014 1 year
Business-type activities:
Sewer revenue bonds $ 154,415 16,765$ 137,650$ 17,555$ Unamortized premium/discount 1,099 318 781 515 Total revenue bonds payable 155,514 17,083 138,431 18,070
Sewer revenue obligations 464,355 48,500$ 18,725 494,130 21,890 Unamortized premium/discount 46,620 7,032 7,494 46,158 7,634 Total revenue obligations payable 510,975 55,532 26,219 540,288 29,524
Regional Wastewater Reclamation Loans payable 21,169 1,489 19,680 1,535 Total loans payable 21,169 1,489 19,680 1,535
Contracts and notes 12,645 1,610 6,313 7,942
Compensated absences payable * 3,087 88 3,175
Total business-type activities long-term liabilities 703,390$ 57,230$ 51,104$ 709,516$ 49,129$
* There was a change in reporting the current and non-current portions of the Compensated absences payable. The currentportion of Compensated absences payable of $271 is reported as Employee compensation.
The County’s debt consists of various issues of general obligation, HURF revenue, certificates of participation, sewer revenue bonds, loans, and obligations bonds that are generally callable with interest payable semiannually. Bond proceeds primarily pay for acquiring or constructing capital facilities. Bonds have also been issued to advance-refund previously issued bonds. The County repays general obligation bonds from voter-approved property taxes. HURF revenue bonds are repaid from charges for services in the Transportation fund. Certificates of participation are repaid from General fund and other various funds revenues. Sewer revenue bonds, loans, and obligations are repaid from the charges for services in the Regional Wastewater Reclamation fund.
GENERAL OBLIGATION BONDS OUTSTANDING
Governmental Activities(Payments made from property tax revenues of the Debt Service Fund)
General obligation bonds payable at June 30, 2014, consisted of the outstanding general obligation bonds presented below. Of the total amounts originally authorized, $4,662 from the May 20, 1997 $13,278from the May 18, 2004 and $741 from the May 16, 2006 bond elections remain unissued.
(in thousands)
Note 7: Long-Term Liabilities (continued)
The following table presents amounts outstanding by issue.
Issue Interest OutstandingIssue Amount Rates Maturities Call Date June 30, 2014
Series of 2007 95,000$ 3.00 - 4.50% 2015-21 July 1, 2017 48,550$ Series of 2008 100,000 4.00% 2015-22 July 1, 2018 63,000 Series of 2009 75,000 3.00 - 4.13% 2015-23 July 1, 2019 36,185 Series of 2009A 90,000 3.00 - 4.00% 2015-24 July 1, 2019 63,225 Series of 2009A Refunding 23,535 3.00 - 3.25% 2015-16 660 Series of 2011 75,000 2.25 - 5.00% 2015-26 July 1, 2021 44,185 Series of 2012A 60,000 2.00 - 4.00% 2015-27 July 1, 2022 43,750 Series of 2012B Refunding 16,225 2.00 - 3.00% 2015-17 12,155 Series of 2013A 50,000 1.50 - 4.00% 2015-28 July 1, 2023 47,000 Series of 2013B Refunding 38,575 3.00 - 4.00% 2015-20 38,565 Series of 2014 10,000 1.00 - 5.00% 2015-28 July 1, 2023 10,000
G.O. bonds outstanding 407,275 Plus unamortized premium/discount: 8,731
Total G.O. bonds outstanding 416,006$
The following schedule details general obligation bond debt service requirements to maturity at June 30, 2014.
Year Ending June 30, Principal Interest2015 36,815$ 14,715$ 2016 37,655 13,581 2017 41,445 12,398 2018 40,880 11,041 2019 39,375 9,555
2020 - 2024 171,075 26,117 2025 - 2028 40,030 3,428
Total 407,275$ 90,835$
REFUNDED GENERAL OBLIGATION BONDS
During fiscal year 2013-14, the County defeased $14,815 of General Obligation Bonds, Series 2005 and $1,200 of General Obligation Bonds, Series 2007 with County funds. County funds were placed in an irrevocable trust to provide for future debt service payments of the defeased debt. Accordingly, the trust account assets and liability for the defeased bonds are not included in the County’s financial statements.
In prior years, the County defeased $14,435 of General Obligation Refunded Bonds, Series 2005 by placing the proceeds of new bonds in an irrevocable trust to provide for all future debt service payments on the old bonds. Accordingly, the trust account assets and liability for the defeased bonds are not included in the County’s financial statements. At June 30, 2014, $30,450 of outstanding bonds are considered defeased, which includes debt defeased during this current year.
67
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
TRANSPORTATION BONDS PAYABLEGovernmental Activities
(Payments made from street and highway revenues)
Pima County transportation revenue bonds were issued to provide monies to construct improvements to the County’s streets and highways. Of the total amount originally authorized, $73,375 from the November 4, 1997 bond election remains unissued.
The following table presents amounts outstanding by issue.
Issue Interest OutstandingIssue Amount Rates Maturities Call Date June 30, 2014
Series of 2005 51,200$ 3.50 - 5.00% 2015-20 July 1, 2015 19,240$ Series of 2007 21,000 3.25 - 4.75% 2015-22 July 1, 2017 14,870 Series of 2008 25,000 3.50 - 4.50% 2015-22 July 1, 2018 20,425 Series of 2009 15,000 3.00 - 4.00% 2015-24 July 1, 2019 13,650 Series of 2009 Refunding 8,420 3.00 - 4.00% 2015-24 July 1, 2019 7,385 Series of 2012 18,425 3.00 - 5.00% 2015-27 July 1, 2022 16,570 Series of 2012 Refunding 14,520 4.00 - 5.00% 2015-18 11,880 Series of 2014 16,000 3.00 - 5.00% 2015-28 July 1, 2023 16,000 Series of 2014 Refunding 8,805 5.00% 2017-18 8,805
Transportation bonds outstanding 128,825 Plus unamortized premium/discount: 4,256
Total transportation bonds outstanding 133,081$
The following schedule details transportation bond debt service requirements to maturity at June 30, 2014.
Year Ending June 30, Principal Interest2015 13,685$ 5,197$ 2016 14,250 4,652 2017 14,585 4,000 2018 15,245 3,351 2019 14,310 2,679
2020 - 2024 46,655 6,151 2025 - 2028 10,095 752
Total 128,825$ 26,782$
Pima County has pledged future highway user revenues, net of specified operating expenses, to repay $128,825 in transportation revenue bonds issued between 2005 and 2014. Proceeds from the bonds provide financing for construction of various highways and streets within Pima County. The bonds are payable from net highway user revenues and are payable through 2028. Annual principal and interest payments on the bonds are expected to require approximately 122 percent of net revenues. Total principal and interest remaining to be paid on the bonds is $155,607. Principal and interest paid for bonds in the current year and total net highway user revenues were $17,661 and $13,702, respectively.
68
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
REFUNDED TRANSPORTATION BONDS
During fiscal year 2013-14, the County defeased $9,570 of Transportation Bonds, Series 2005, by issuing $8,805 of Transportation Bonds that have an average life of 3.93 years and an average interest rate of 5.00%. This refunding transaction resulted in an economic gain of $515 and a reduction in debt service payments of $569. The proceeds of the new bonds were placed in an irrevocable trust to provide for future debt service payments of the refunded debt. Accordingly, the trust account assets and liability for the defeased bonds are not included in the County’s financial statements. At June 30, 2014, $9,570 of outstanding bonds are considered defeased.
CERTIFICATES OF PARTICIPATION
Governmental Activities (Payments made from General Fund revenues)
Certificates of Participation represent proportionate interests in semiannual lease payments. The County’s obligation to make lease payments is subject to annual appropriations being made by the County for that purpose. On May 1, 2007, the County issued Certificates of Participation Series 2007A for $28,765 to finance the acquisition of and improvements to a 22-story office tower located in downtown Tucson and to acquire and construct replacement facilities for the Pima County Community Services Department. On February 4, 2010, the County issued Certificates of Participation Series 2010 for $20,000 to finance the replacement computer enterprise system composed of servers and other hardware, computer terminals, software and system training. The new enterprise system will serve the County with finance, budget, procurement, human resources, and material management systems.
On May 22, 2013, the County issued Certificates of Participation Series 2013A for $80,175. The County intends to use $60,000 of the proceeds from that issue for projects related to its sewer system. Although no sewer revenues are pledged for the repayment of the Certificates, the County intends to transfer available cash from the Regional Wastewater Reclamation Fund to repay that portion of the proceeds actually used for sewer projects. The County also issued $12,705 of Refunding Certificates of Participation, Series 2013B. The Certificates were issued with a premium of $1,260 and the proceeds were used to refund and redeem $1,220 of Certificates of Participation, Series 1999, and $12,335 of Certificates of Participation, Series 2003, previously reported by the County as a jail capital lease.
On February 12, 2014, the County issued Certificates of Participation Series 2014 for $52,160 to finance the costs of completing the Public Service Center and Office Tower. The County may also use a portion of the funds for other capital projects.
69
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
The following schedule details outstanding Certificates of Participation payable at June 30, 2014.
Issue Interest OutstandingIssue Amount Rates Maturities Call Date June 30, 2014
Series of 2007A 28,765$ 5.00% 2015-22 July 1, 2017 18,805$ Series of 2010 20,000 3.50 - 5.25% 2015-19 12,030 Series of 2013A 80,175 2.00 - 5.00% 2015-23 45,530 Series of 2013B Refunding 12,705 3.00 - 5.00% 2015-18 10,375 Series of 2014 52,160 2.00 - 5.00% 2015-29 December 1, 2023 52,160
Certificates of participation outstanding 138,900 Plus unamortized premium/discount: 10,803
Total certificates of participation outstanding 149,703$
The following schedule details debt service requirements to maturity for the County’s Certificates of Participation payable at June 30, 2014.
Year Ending June 30, Principal Interest2015 29,680$ 6,572$ 2016 16,240 5,087 2017 11,955 4,409 2018 12,615 3,808 2019 10,670 3,256
2020 - 2024 35,615 9,622 2025 - 2029 22,125 2,875
Total 138,900$ 35,629$
INSTALLMENT NOTE PAYABLE
Governmental Activities
In prior years, the County acquired Tasers under contract agreements at a total purchase price of $764. During fiscal year 2013-14, the County also acquired computer equipment under contract agreements at a total purchase price of $239. The outstanding balance as of June 30, 2014, for the payable totaled $640. The following schedule details debt service requirements to maturity for the County’s installment note payable at June 30, 2014.
Year Ending June 30, Principal Interest2015 229$ 16$ 2016 234 10 2017 177 4
640$ 30$
Equipment
70
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
SEWER REVENUE BONDS AND LOANS
Business-type Activities (Payments made from user charges received in the RWR)
Pima County sewer revenue bonds, as presented below, were issued to provide monies to construct improvements to the County’s Regional Wastewater Reclamation system and for the defeasance of prior sewer revenue bonds. As of June 30, 2014, the County has issued the total amounts originally authorized from the May 20, 1997 and May 18, 2004 bond elections.
Issue Interest OutstandingIssue Amount Rates Maturities Call Date June 30, 2014
Series of 2004 Refunding 25,770$ 4.60% 2015 July 1, 2014 4,000$ Series of 2007 50,000 4.00 - 5.00% 2015-26 July 1, 2017 34,715 Series of 2008 75,000 4.00 - 5.00% 2015-23 July 1, 2018 70,130 Series of 2009 18,940 3.25 - 4.25% 2015-24 July 1, 2019 14,540 Series of 2011 Refunding 43,625 3.00 - 5.00% 2015-16 14,265
Sewer revenue bonds outstanding 137,650 Plus unamortized premium/discount: 781
Total sewer revenue bonds outstanding 138,431$
The following schedule details sewer revenue bond debt service requirements to maturity at June 30, 2014.
Year Ending June 30, Principal Interest2015 17,555$ 5,883$ 2016 15,950 5,057 2017 11,250 4,354 2018 11,810 3,886 2019 12,405 3,414
2020 - 2024 61,400 8,606 2025 - 2026 7,280 440
Total 137,650$ 31,640$
On June 17, 2010, Pima County entered into an agreement, whereby future revenues were pledged, that provided monies to be used primarily to pay a portion of the capital project costs associated with the construction, expansion and improvement of sewer treatment facilities and conveyance systems for the county-wide sewer system, including the Agua Nueva (previously known as Roger Road) and Tres Rios (previously known as Ina Road) Wastewater Reclamation Facilities. In December 2011, the County issued Sewer Revenue Obligations Series 2011B for $189,160 to provide additional funding for the construction and improvements of the County’s wastewater conveyance systems and treatment facilities.
In December 2012, the County issued Sewer Revenue Obligations Series 2012A for $128,795. The net proceeds of the issuance were used primarily to pay a portion of the costs of the construction, expansion and improvement of sewer treatment facilities and conveyance systems for the System, including the Agua Nueva and Tres Rios Wastewater Reclamation Facilities.
71
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
In February 2014, the County issued Sewer Revenue Obligations Series 2014 for $48,500. The net proceeds of the issuance were used primarily to pay a portion of the costs of the construction, expansion and improvement of sewer treatment facilities and conveyance systems for the System.
Issue Interest OutstandingIssue Amount Rates Maturities Call Date June 30, 2014
Series of 2010 165,000$ 2.50 - 5.00% 2015-25 July 1, 2020 163,000$ Series of 2011B 189,160 5.00% 2015-26 July 1, 2021 164,450 Series of 2012A 128,795 1.75 - 5.00% 2015-27 July 1, 2022 118,180 Series of 2014 48,500 2.00 - 5.00% 2015-28 July 1, 2023 48,500
Sewer revenue obligations outstanding 494,130 Plus unamortized premium/discount: 46,158
Total sewer revenue obligations outstanding 540,288$
The following schedule details sewer revenue obligation debt service requirements to maturity at June 30, 2014.
Year Ending June 30, Principal Interest2015 21,890$ 23,871$ 2016 22,740 22,967 2017 36,170 21,989 2018 37,795 20,366 2019 39,615 18,548
2020 - 2024 229,110 61,691 2025 - 2028 106,810 9,317
Total 494,130$ 178,749$
In prior years, the Regional Wastewater Reclamation Enterprise Fund entered into various loan agreements (used for construction and improvement of wastewater treatment facilities). In October 2009 the County entered into an additional loan agreement for the funding of construction of wastewater treatment facilities. Interest is payable semiannually and is calculated based on the principal amount of the loan outstanding during such period.
Issue Interest OutstandingIssue Amount Rate Maturities June 30, 2014
2004 Loans payable 19,967$ 1.81% 2015-24 13,534$ 2009 Loans payable 8,002 0.96% 2015-24 6,146
Total loans payable 19,680$
72
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
The following schedule details loans payable debt service requirements to maturity at June 30, 2014.
Year Ending June 30, Principal Interest2015 1,535$ 576$ 2016 1,581 529 2017 1,629 480 2018 1,679 430 2019 1,730 378
2020 - 2024 11,526 1,083 Total 19,680$ 3,476$
Pima County has pledged future user charges, net of specified operating expenses, to repay $137,650 in sewer revenue bonds issued between 2004 and 2011, $19,680 in sewer revenue loans issued between 2004 and 2009, and $494,130 in sewer revenue obligations issued between 2010 and 2014. Proceeds from the bonds, loans and obligations provided financing for construction of various treatment facilities and sewer infrastructure within Pima County. The bonds, loans and obligations are payable from net sewer revenues and are payable through fiscal year 2028. Annual principal and interest payments on the bonds and obligations are expected to require approximately 67 percent of net revenues. The annual principal and interest payments on the loans are expected to require approximately 3 percent of net revenues. Total principal and interest remaining to be paid on the bonds is $169,290. Total principal and interest remaining to be paid on the loans is $23,156. Total principal and interest remaining to be paid on the obligations is $672,879. Principal and interest paid for bonds, obligations and loans in the current year and total customer net revenues were $65,277, $2,111, and $96,134, respectively.
All sewer revenue bonds were issued and the loan agreements were executed with a first lien on the pledge of the RWR net revenues and have restrictive covenants, primarily related to minimum utility rates and limitations on future bond issues. The bond covenants also require the RWR to either maintain a surety bond guaranteeing the payment of annual debt service or to maintain in the Bond Reserve Account monies equal to the average annual debt service payment. At June 30, 2014, the RWR had a surety bond to meet the requirements of the debt covenants. The County is also authorized to issue for the RWR additional parity bonds if certain conditions are met, primarily that net revenues for the fiscal year immediately preceding issuance of the parity bonds exceed 120 percent of the maximum annual debt service requirements immediately after such issuance.
CONTRACTS AND NOTES
Business-type Activities (Payments made from restricted assets in the RWR)
Contracts and notes consist of contract retentions for several construction projects. Generally, interest is not accrued and the timing of payments is based on completion of the related construction projects.
73
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 7: Long-Term Liabilities (continued)
LEGAL DEBT MARGIN
County General Obligation Bonds
General obligation debt may not exceed 6 percent of the value of the County’s taxable property as of the latest assessment. However, with voter approval, debt may be incurred up to 15 percent of the value of taxable property. Pima County has received voter approval for all general obligation debt. The legal debt margin at June 30, 2014, is as follows:
Net assessed valuation 7,623,691$
Debt limit (15% of net assessed valuation): 1,143,554
Less amount of debt applicable to debt limit:
General obligation bonds outstanding 407,275$
Less fund balance in debt service fund available for payment of general obligation bond principal (5,326) 401,949
Legal debt margin available 741,605$
74
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
N 8: Landfill Liabilities
Solid Waste Landfill Closure and Post-Closure Care Costs:
State and Federal laws and regulations require the County to place a final cover on its solid waste landfill sites when these sites stop accepting waste and to perform certain maintenance and monitoring functions at the sites for thirty years after their closure. Although closure and post-closure care costs will not be paid until near or after the date the landfills stop accepting waste, the County records a portion of these closure and post-closure care costs as a long-term liability in each period, based on landfill capacity used as of each balance sheet date. The $22,771 reported as landfill closure and post-closure care long-term liability within the governmental activities represents the cumulative amount reported to date, based on the percentage used of each landfill's total estimated capacity. The County will recognize the remaining estimated cost of closure and post-closure care of $4,584 as the remaining estimated capacities are used. These amounts are based on what it would cost to perform all closure and post-closure care in the fiscal year ended June 30, 2014; actual costs may change due to inflation, changes in technology, or changes in regulations.
EstimatedCapacity Used Remaining
Landfill Site June 30, 2014 Service Life
Ajo 73% 37 Years Sahuarita 56% 28 Years*Tangerine 99% 36 Years
*The Tangerine Landfill stopped accepting waste from the public on December 1, 2013 butremains open for internal County waste disposal needs until its remaining capacity is fully used. As the amount of County disposal is very small the estimated remaining service life was extended to 36 years.
The County plans to fund the estimated closure and post-closure care costs with proceeds of general obligation bonds.
According to State and Federal laws and regulations, the County must comply with the local government financial test requirements that ensure the County can meet the costs of landfill closure, post-closure, and corrective action when needed. The County is in compliance with these requirements. The Ina Road Landfill facility is closed to municipal solid waste and only receives green waste and construction debris. It is not subject to the closure and post-closure cost requirements referred to above. Pima County estimates that it will cost approximately $10,946 when closure occurs and plans to fund the costs with proceeds of general obligation bonds. At this time, there is no closure date available.
On June 1, 2013 Tucson Recycling and Waste Services was contracted to operate the Landfill and Transfer Station operations on behalf of Pima County in an agency capacity. The closure and post closure costs remain the liability of Pima County.
Note 9: Pension and Other Post Employment Benefits
Pension Plan Descriptions
The County contributes to the Arizona State Retirement System (ASRS), the Corrections Officer Retirement Plan (CORP), the Public Safety Personnel Retirement System (PSPRS), consisting of Pima County Sheriffs and Pima County - County Attorney Investigators, and the Elected Officials Retirement Plan (EORP), all component units of the State of Arizona. The EORP and the PSPRS, Pima County – County Attorney Investigators are not described due to their relative insignificance to the County’s financial statements. Benefits are established by state statute and generally provide retirement, death, long-term disability, survivor, and health insurance premium benefits. The retirement benefits are generally paid at a percentage, based on years of service, of the retirees’ average compensation. Long-term disability benefits vary by circumstance, but generally pay a percentage of the employee’s monthly compensation. Health insurance premium benefits are generally paid as a fixed dollar amount per month towards the retiree’s healthcare insurance premiums, in amounts based on whether the benefit is for the retiree or for the retiree and his or her dependents.
The ASRS administers a cost-sharing, multiple-employer defined benefit pension plan; a cost-sharing, multiple-employer defined benefit health insurance premium plan; and a cost-sharing, multiple-employer defined benefit long-term disability plan that covers employees of the State of Arizona and employees of participating political subdivisions, including general employees of the County and school districts. The ASRS is governed by the Arizona State Retirement System Board according to the provisions of A.R.S. Title 38, Chapter 5, Article 2.
The PSPRS administers an agent, multiple-employer defined benefit pension plan and an agent, multiple-employer defined benefit health insurance premium plan that covers public safety personnel who are regularly assigned hazardous duty as employees of the State of Arizona or one of its political subdivisions. The PSPRS, acting as a common investment and administrative agent, is governed by a seven-member board, known as the Board of Trustees, and the participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 4.
The CORP administers an agent, multiple-employer defined benefit pension plan and an agent, multiple-employer defined benefit health insurance premium plan that covers certain state, county, and local correction officers; dispatchers; and probation, surveillance, and juvenile detention officers. The CORP is governed by the Board of Trustees of PSPRS and the participating local boards according to the provisions of A.R.S. Title 38, Chapter 5, Article 6.
Beginning in fiscal year 2013-14, PSPRS and CORP established separate Funds for pension benefits and health insurance premium benefits. Previously, the plans recorded both pension and health insurance premium contributions in the same Pension Fund. During fiscal year 2013-14, the plans transferred prior year health insurance premium benefit contributions that exceeded benefit payments from each plan’s Pension Fund to the new Health Insurance Fund.
Each plan issues a publicly available financial report that includes its financial statements and required supplementary information. A report is available on their Web sites or may be obtained by writing or calling the applicable plan.
ASRS PSPRS and CORP
3300 N. Central Ave 3010 East Camelback RoadPhoenix, AZ 85012 Suite 200P.O. Box 33910 Phoenix, AZ 85016-4416Phoenix, AZ 85067-3910 (602) 255-5575(602) 240-2000 or www.psprs.com(800) 621-3778www.azasrs.gov
76
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 9: Pension and Other Post Employment Benefits (continued)
Funding Policy
The Arizona State Legislature establishes and may amend active plan members’ and the County’s contribution rates for ASRS, PSPRS and CORP.
Cost-sharing plansFor the year ended June 30, 2014, active ASRS members were required by statute to contribute at the actuarially determined rate of 11.54 percent (11.3 percent for retirement and 0.24 percent for long-term disability) of the members’ annual covered payroll. The County is required by statute to contribute at an actuarially determined rate. For the year ended June 30, 2014, the County contributed 11.54 percent (10.70 percent for retirement, 0.60 percent for health insurance premium benefit, and 0.24 percent for long-term disability) of the members’ annual covered payroll. For the year ended June 30, 2013, the County contributed 11.14 percent (10.25 percent for retirement, 0.65 percent for health insurance premium benefit, and 0.24 percent for long-term disability) of the members’ annual covered payroll. For the year ended June 30, 2012, the County contributed 10.74 percent (9.87percent for retirement, 0.63 percent for health insurance premium, and 0.24 percent for long-term disability) of the members’ annual covered payroll.
The County’s contributions for the current and 2 preceding years, all of which were equal to the required contributions, were as follows:
ASRS Health Benefit Long-term
Retirement Supplement Disability
Fund Fund Fund
Year ended June 30,
2014 24,733$ 1,387$ 555$ 2013 22,902$ 1,452$ 536$ 2012 21,290$ 1,359$ 518$
Agent plansFor the year ended June 30, 2014, active PSPRS members were required by statute to contribute 10.35 percent of the members’ annual covered payroll and the County was required to contribute at the actuarially determined rate of 33.69 percent, the aggregate of which is the actuarially required amount. As allowed by statute, the County contributed 3.65 percent of the members’ required contribution, with the members contributing 6.70 percent. The health insurance premium portion of the contribution was set at 1.60 percent of covered payroll. Active CORPmembers were required by statute to contribute 8.41 percent of the members’ annual covered payroll, and the County was required to contribute at the actuarially determined rate of 14.81 percent, the aggregate of which is the actuarially required amount. The health insurance premium portion of the contribution rate was actuarially set at 1.05 percent of covered payroll.
Actuarial methods and assumptionsThe contribution requirements for the year ended June 30, 2014 were established by the June 30, 2012 actuarial valuations and those actuarial valuations were based on the following actuarial methods and assumptions.
Actuarial valuations involve estimates of the value of reported amounts and assumptions about the probability of events in the future. Amounts determined regarding the funded status of the plans and the annual required contributions are subject to continual revision as actual results are compared to past expectations and new estimates are made. The required schedule of funding progress presented as required supplementary information provides multiyear trend information that shows whether the actuarial value of the plans’ assets are increasing or decreasing over time relative to the actuarial accrued liability for benefits.
Projections of benefits are based on 1) the plans as understood by the County and plans’ members and include the
(in thousands)
Note 9: Pension and Other Post Employment Benefits (continued)
types of benefits in force at the valuation date, and 2) the pattern of sharing benefit costs between the County and plans’ members to that point. Actuarial calculations reflect a long-term perspective and employ methods and assumptions designed to reduce short-term volatility in actuarial accrued liabilities and the actuarial value of assets. The significant actuarial methods and assumptions used are the same for both plans and related benefits (unless noted), and the actuarial methods and assumptions were used to establish the fiscal year 2014 contribution requirements, are as follows:
Actuarial valuation dateActuarial cost methodActuarial Assumptions:
Investment rate of returnProjected salary increasesincludes inflation at
Amortization method Level percent-of-pay closed Level percent-of-pay closed
Remaining amortization period
20 Years for overfunded 20 Years for overfunded
Asset valuation method80%/120% market
7-year smoothed market
24 Years for underfunded,
PSPRS
June 30, 2012 June 30, 2012
CORP
8.00%
Entry Age Normal Entry Age Normal
8.00%
24 Years for underfunded,
7-year smoothed market 80%/120% market
5.00% - 8.25%5.00%
5.00% - 9.00%5.00%
Annual Pension and OPEB Cost
The County’s pension/OPEB cost for the PSPRS and CORP agent plans for the year ended June 30, 2014, and related information follows:
Health Insurance Health Insurance
Pension Premium Benefit Pension Premium Benefit
Annual pension/OPEB cost 11,856$ 563$ 3,550$ 252$
Contributions made 11,856$ 563$ 3,550$ 252$
PSPRS CORP
Trend Information
Annual pension and OPEB cost information for the current and 2 preceding years follows for the PSPRS and CORP agent plans:
78
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 9: Pension and Other Post Employment Benefits (continued)
Annual Pension/ Percentage of Net Pension/
Year Ended OPEB Annual Cost OPEB
June 30 Cost Contributed Obligation
PSPRS
Pension 2014 11,856$ 100%
Health insurance 2014 563$ 100%premium benefit
Pension 2013 9,903$ 102%
Health insurance 2013 591$ 64% 215$ premium benefit
Pension 2012 8,445$ 103%
Health insurance 2012 638$ 60% 254$ premium benefit
CORP
Pension 2014 3,550$ 100%
Health insurance 2014 252$ 100%premium benefit
Pension 2013 2,722$ 104%
Health insurance 2013 264$ 54% 121$ premium benefit
Pension 2012 2,076$ 107%
Health insurance 2012 288$ 51% 142$ premium benefit
Plan
Funded Status The plan’s funded status as of the most recent valuation date of June 30, 2014, along with the actuarial assumptions and methods used in those valuations follow. Additionally, the required schedule of funding progress, presented as Exhibit B-2 following the notes to the financial statements, presents multiyear trend information about whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liability for benefits.
79
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 9: Pension and Other Post Employment Benefits (continued)
PSPRS CORPHealth Insurance Health Insurance
Pension Premium Benefit Pension Premium Benefit
Actuarial accrued liability 324,825$ 7,337$ 100,333$ 3,122$
Actuarial value of assets 141,813$ 7,549 48,811$ 3,248
Unfunded actuarial accrued liability (funding excess) 183,012$ (212)$ 51,522$ (126)$
Funded ratio 43.7 % 102.9 % 48.6 % 104.0 %
Covered payroll 31,544$ 31,544$ 19,765$ 19,765$
Unfunded actuarial accrued liability (funding excess) as a percentage of covered payroll 580.2 % 0 % 260.7 % 0 %
Actuarial valuation dateActuarial cost methodActuarial Assumptions:
Investment rate of returnProjected salary increasesincludes inflation at
Amortization method
Remaining amortization period
Asset valuation method80%/120% market 80%/120% market
Permanent Benefit Increases Members retired on or before: Members retired on or befo July 1, 2011: 2% compounded on average July 1, 2011: 2.25% of benefit Members retired on or after: Members retired on or afte August 1, 2011: 0.5% compounded on average August 1, 2011: 0.5% of beneAll current retirees receive the same dollar increase amount so approximation techniques were used to develop the assumed PBI for each member
Entry Age Normal June 30, 2014
CORP
7-year smoothed market
22 Years for underfunded ,20 years for overfunded
Level percent-of-pay closed4.00%
4.0% -7.25%7.85%
7-year smoothed market
4.0% - 8.0%4.00%
7.85%
22 Years for underfunded , 20 years for overfunded
June 30, 2014Entry Age Normal
Level percent-of-pay closed
PSPRS
80
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Note 10: Interfund Transactions
A. Interfund Assets/LiabilitiesDue from / Due to Other Funds are used to record loans or unpaid operating transfers between funds.
Amounts recorded as due to:
Am
oun
ts r
ecor
ded
as
du
e fr
om:
PIMA COUNTY, ARIZONANotes to Financial Statements
June 30, 2014(in thousands)
Genera
l
Capita
l Pro
jects
Other G
overn
mental
Region
al W
astew
ater R
eclam
ation
Inter
nal S
ervice
s
Total
Am
oun
ts r
ecor
ded
as
du
e fr
om:
General 53$ 2,491$ 2,544$
Capital Projects 2,153 6$ 2,159
Other Governmental 140$ - 76 6 222
Regional Wastewater Reclamation - 6 6
Internal Services 42 29$ 71
Total 140$ 95$ 4,726$ 12$ 29$ 5,002$
Amounts recorded as transfers out:
Am
oun
ts r
ecor
ded
as
tran
sfer
s in
:A
mou
nts
rec
ord
ed a
s d
ue
from
:
B. TransfersTransfers are used to record transactions between individual funds to subsidize their operations and fund debt service paymentsand capital construction projects.
Genera
l
Capita
l Pro
jects
Debt s
ervic
e
Other G
overn
mental
Region
al W
astew
ater R
eclam
ation
Other E
nterp
rise
Inter
nal S
ervice
s
Total
Am
oun
ts r
ecor
ded
as
tran
sfer
s in
: General 99$ 22,990$ 103$ 1,000$ 24,192$
Capital Projects 3,138$ 5,880$ 36,841 337 350 64$ 46,610
Debt Service 7,025 146 17,200 36,104 20 994 61,489
Other Governmental 23,724 310 2,115 415 3,828 30,392
Regional Wastewater Reclamation 51,404 51,404
Other Enterprise 3,667 3,667
Internal Service 11,709 3,892 27 380 16,008
Total 33,887$ 67,335$ 5,880$ 83,038$ 36,986$ 1,370$ 5,266$ 233,762$
Am
oun
ts r
ecor
ded
as
tran
sfer
s in
:
81
PIMA COUNTY, ARIZONA Notes to Financial Statements
June 30, 2014 (in thousands)
Note 11: Construction and Other Significant Commitments
At June 30, 2014, Pima County had the following major contractual commitments related to Facilities Management, General Government, Natural Resources, Parks and Recreation, Regional Flood Control, Regional Wastewater Reclamation and Transportation.
Facilities Management At June 30, 2014, the Pima County Facilities Management Department had construction contractual commitments of $37,309 and other contractual commitments related to service contracts of $6,728. Funding for these expenditures will be provided from general fund revenues and general obligation bonds.
General Government At June 30, 2014, Pima County had contractual commitments related to service contracts for the Office of Medical Services of $21,875. Procurement had construction contractual commitments of $10,028 and other contractual commitments related to service contracts of $2,406. Information Technology had commitments related to service contracts of $8,220. Funding for these expenditures will be provided from general fund revenues, the PCWIN special revenue fund and general obligation bonds.
Natural Resources, Parks and Recreation At June 30, 2014, Pima County had contractual commitments related to service contracts for the Natural Resources, Parks and Recreation Department of $8,912. Funding for these expenditures will be provided from general fund revenues.
Regional Flood Control At June 30, 2014, the Regional Flood Control fund had construction contractual commitments of $4,852 and other contractual commitments related to service contracts of $6,466. Funding for these expenditures will be provided primarily from Flood Control secondary tax levy revenues.
Regional Wastewater Reclamation At June 30, 2014, the Regional Wastewater Reclamation Enterprise fund had construction contractual commitments of $14,718 and other contractual commitments related to service contracts of $26,040. Funding for these expenses will be primarily from Sewer Revenue Bonds and sewer user fees.
Transportation At June 30, 2014, the Pima County Transportation Department had construction contractual commitments of $43,327 and other contractual commitments related to service contracts of $10,956. Funding for these expenditures will be primarily provided from Transportation Revenue Bonds and Highway User Tax Revenue, which is the primary source of revenue for the Transportation Department.
Note 12: Deficit Fund Balances
The Stadium District and Other Grants – Special Revenue Fund had deficit fund balances at June 30, 2014 of $1,378 and $1,032 respectively. The deficits can be eliminated in the future through normal operations.
82
Required Supplementary Information
Other Than Management’s Discussion & Analysis
Exhibit B - 1PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
For the Year Ended June 30, 2014(in thousands)
Actual Variance withOriginal Final Amounts Final Budget
Revenues:Property taxes 285,500$ 285,500$ 280,965$ (4,535)$ Licenses and permits 2,786 2,786 2,928 142 Intergovernmental 131,772 131,772 135,953 4,181 Charges for services 35,145 35,145 35,671 526 Fines and forfeits 5,780 5,780 4,211 (1,569) Investment earnings 210 210 287 77 Miscellaneous 6,228 6,228 7,322 1,094
Total revenues 467,421 467,421 467,337 (84)
Expenditures:General government
Assessor 8,997 8,997 8,378 619 Board of Supervisors 2,074 2,074 1,894 180 Clerk of Superior Court 10,870 10,870 10,864 6 Constables 1,207 1,207 1,242 (35) County Administration 72,328 72,328 45,800 26,528 County Attorney 22,508 22,508 22,454 54 Justice Courts 8,305 8,305 8,066 239 Juvenile Courts 23,260 23,260 23,222 38 Justice & Law Enforcement 29,324 29,324 32,289 (2,965) Public Works (Facilities Management) 18,204 18,204 16,628 1,576 Recorder 2,400 2,400 2,055 345 Superior Court 30,042 30,042 29,864 178 Superior Court Mandated Services 1,623 1,623 1,531 92 Treasurer 2,568 2,568 2,069 499
Public safetySheriff 135,355 135,355 136,306 (951) Office of Emergency Management & Homeland Security 517 517 519 (2)
HealthForensic Science Center 3,298 3,298 3,543 (245)
WelfareCounty Admin - Welfare 58,577 58,577 56,591 1,986 Office of Medical Services 40,843 40,843 36,267 4,576
Culture and recreationPublic Works (Parks and Recreation) 18,136 18,136 17,859 277
Education and economic opportunityCommunity & Economic Development 11,544 11,544 10,926 618 School Superintendent 1,545 1,545 1,457 88
Debt Service - principal 146 (146) - interest 14 (14)
Total expenditures 503,525 503,525 469,984 33,541
Deficiency of revenues under expenditures (36,104) (36,104) (2,647) 33,457
Other financing sources (uses):Transfers in 23,895 23,895 24,192 297 Transfers (out) (31,848) (31,848) (33,887) (2,039)
Total other financing (uses) (7,953) (7,953) (9,695) (1,742)
Net change in fund balances (44,057) (44,057) (12,342) 31,715
Fund balances at beginning of year 44,057 44,057 60,532 16,475 Fund balances at end of year 48,190$ 48,190$
Budgeted Amounts
83
PIMA COUNTY, ARIZONA Notes to Schedule of Revenues, Expenditures and Changes in
Fund Balance – Budget and Actual – General Fund June 30, 2014 (in thousands)
Note 1- Budgeting and Budgetary Control
Arizona Revised Statutes (A.R.S.) requires the County to prepare and adopt a balanced budget annually for each governmental fund. The Board of Supervisors must approve such operating budgets on or before the third Monday in July to allow sufficient time for the legal announcements and hearings required for the adoption of the property tax levy on the third Monday in August. A.R.S. prohibits expenditures or liabilities in excess of the amounts budgeted.
Expenditures may not legally exceed appropriations at the department level. In certain instances, transfers of appropriations between departments or from the contingency account to a department may be made upon the Board of Supervisors’ approval. With the exception of the General Fund, Other Special Revenue, and Other Special Revenue – Grants, each fund includes only one department.
Note 2 – Expenditures in Excess of Appropriations
For the year ended June 30, 2014, expenditures for the following departments in the General Fund exceeded final budget amounts at the department level (the legal level of budgetary control) as follows:
These expenditures were funded by greater than anticipated revenues and unspent appropriations.
Function/Department ExcessGeneral government:
Constables 35$ 2,965 Justice and Law Enforcement
Total general government 3,000
Public safety:Sheriff 951
2 Office of Emergency Management and Homeland SecurityTotal public safety 953
Health:Forensic Science Center 245
Total Health 245
Debt Service - principal 146 - interest 14
Total debt service 160$
84
PIMA COUNTY, ARIZONASchedule of Agent Retirement Plans' Funding Progress
June 30, 2014(in thousands)
Exhibit B - 2
85
Plan
Year Ended
June 30
Actuarial Value of
Plan Assets
Actuarial Accrued Liability
Funding (Liability)
ExcessFunded Ratio
Annual Covered Payroll
Unfunded Liability (Funding
Excess) as a Percentage of Covered
Payroll
PSPRSPension 2014 $ 141,813 $ 324,825 $ (183,012) 43.7% $ 31,544 580.2%
Health Insurance Premium Benefit 2014 7,549 7,337 212 102.9% 31,544 (0.7%)
Pension 2013 $ 148,871 $ 274,019 $ (125,148) 54.3% $ 30,768 406.8%
Health Insurance Premium Benefit 2013 0 7,460 (7,460) 0.0% 30,768 24.3%
Pension 2012 $ 149,085 $ 268,903 $ (119,818) 55.4% $ 31,920 375.4%
Health Insurance Premium Benefit 2012 0 7,325 (7,325) 0.0% 31,920 23.0%
CORPPension 2014 $ 48,811 $ 100,333 $ (51,522) 48.6% $ 19,765 260.7%
Health Insurance Premium Benefit 2014 3,248 3,122 126 104.0% 19,765 (0.6%)
Pension 2013 $ 52,537 $ 86,429 $ (33,892) 60.8% $ 19,665 172.4%
Health Insurance Premium Benefit 2013 0 3,195 (3,195) 0.0% 19,665 16.3%
Pension 2012 $ 51,797 $ 83,526 $ (31,729) 62.0% $ 21,743 145.9%
Health Insurance Premium Benefit 2012 0 3,161 (3,161) 0.0% 21,743 14.5%
Note - Significant Trend Information
Beginning in fiscal year 2013-14, PSPRS and CORP established separate Funds for pension benefits and health insurance premium benefits. Previously, the plans recorded both pension and health insurance premium contributions in the same Pension Fund. During fiscal year 2013-14, the plans transferred prior year health insurance premium benefit contributions that exceeded benefit payments from each plan's Pension Fund to the new Health Insurance Fund.
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86
Combining Statements and Other Schedules
Other (Nonmajor) Governmental Funds
OTHER GOVERNMENTAL FUNDS (Nonmajor)
Transportation Fund - to account for administrative and operating costs, as well as resources transferred to the Capital Projects Fund for construction of highways and streets. Financing is provided primarily from the County share of gasoline and vehicle license taxes collected by the State. Health Fund - to account for resources used to finance activities involved in the conservation and improvement of public health and animal care. Major sources of funding include Federal and State grants, charges for services provided, and operating transfers from the General Fund. Regional Flood Control District Fund - to account for amounts expended to protect persons and property from floodwaters. Revenues are provided by secondary taxes on real property and government grants. The Regional Flood Control District is a blended component unit of Pima County. Other Special Revenue Fund - to account for resources specifically identified to be expended for the various other programs of the County. These include various probation programs, consumer protection programs, family support, antiracketeering programs, law library, etc. Revenues are provided by fines, intergovernmental revenues, fees and forfeitures, and charges for services. Other Special Revenue Grants Fund - to account for Federal and State grants received by the County not required to be accounted for in a separate fund. Each grant has a specific project objective and the grant funds must be used for a stated purpose. Office of Emergency Management’s Radio System Special Revenue Fund – to account for the design, procurement and deployment of a regional public safety voice communications network to serve public and non-profit entities responsible for providing public safety and emergency management services to the Pima County populace. School Reserve Fund - to account for Federal and State grants received by the Superintendent of Schools. Each grant has a specific project objective and the grant funds must be used for a stated purpose. Environmental Quality Fund - to account for resources specifically identified to be expended for protection of water, air, and land from pollutants. Revenues are provided by fines, fees and forfeitures, licenses, permits, and Federal and State grants.. Solid Waste Fund – to account for the resources used to finance the operations of the County’s landfills and transfer stations and to account for the state shared revenue tax for the tire recycling program. Library District Fund – to account for the resources used for management and operation of the Library District. Revenues are provided primarily by secondary taxes on real property. The Library District is a blended component unit of Pima County. Stadium District Fund - to account for resources specifically identified to be expended for the Stadium District. Revenues are provided by the car rental, hotel/motel bed and recreation vehicle park taxes, and charges for services provided. The Stadium District is a blended component unit of Pima County. Street Lighting District (SLDs) Fund – to account for financial activity related to street lighting in unincorporated Pima County. The SLDs are a blended component unit of Pima County.
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87
Regional OEM
Flood Control Other Radio
Transportation Health District Other Grants System
Assets
15,158$ 2,719$ 9,443$ 33,401$ 476$ 592
14 3 10 34 1
16 66 44$
4,022 1,898 15 360 11,137
140 132 3,027 1,589 860 8
1,127 60 182
39 22 12 116 30 4
1,018
Cash and cash equivalents Property taxes receivable (net) Interest receivable
Due from other funds
Due from other governments Accounts receivable
Inventory
Prepaid expenditures
Other assets
Restricted cash and cash equivalents
Total assets 21,518$ 4,850$ 13,099$ 35,566$ 12,071$ 671$
Liabilities, deferred inflows of resources
and fund balances
Liabilities:
Accounts payable 8,505$ 561$ 524$ 2,160$ 3,256$ 81$
Interest payable
Contract retentions 4
Employee compensation 994 682 287 958 762 18
Due to other funds 2 166 3,267
Due to other governments 3 63 3
Deposits and rebates 4 2 1
Unearned revenue 1,020 8 1,250 1,568 64
Total liabilities 10,532 1,243 821 4,598 8,856 163
Deferred inflows of resources:
Unavailable revenue - intergovernmental 924 13 20 4,215
Unavailable revenue - property taxes 551
Unavailable revenue - other 116 57 12 40 32
Total deferred inflows of resources 116 981 576 60 4,247
Total liabilities and deferred inflows of resources 10,648 2,224 1,397 4,658 13,103 163
Fund balances
Nonspendable 1,166 82 12 116 30 186
Restricted 9,704 2,544 11,690 24,722 2,871
Committed 4,845
Assigned 1,225 322
Unassigned (3,933)
Total fund balances 10,870 2,626 11,702 30,908 (1,032) 508
Total liabilities, deferred inflows of resources
and fund balances 21,518$ 4,850$ 13,099$ 35,566$ 12,071$ 671$
Special Revenue Funds
PIMA COUNTY, ARIZONACombining Balance Sheet - Nonmajor Governmental Funds
June 30, 2014(in thousands)
88
Exhibit C - 1
Total
Other
School Environmental Solid Library Stadium Street Lighting Governmental
Reserve Quality Waste District District Districts Funds
1,597$ 2,877$ 1,800$ 7,720$ 186$ 75,377$ 955 1 1,548
3 2 9 1$ 77
14 82 222
199 277 3 236 18,147
22 57 467 46 6,348
1,369
257 480
1,018
45 45
1,818$ 2,951$ 2,079$ 9,456$ 365$ 187$ 104,631$
85$ 29$ 379$ 1,159$ 225$ 7$ 16,971$
3 3
4
31 109 14 883 93 4,831
1 1,290 4,726
1 70
7
8 225 4,143
124 139 393 2,268 1,611 7 30,755
105 5,277
895 1,446
15 27 299
15 895 132 7,022
124 154 393 3,163 1,743 7 37,777
302 1,894
536 1,439 1,307 5,991 180 60,984
238 1,225 6,308
920 1,358 379 4,204
(2,603) (6,536)
1,694 2,797 1,686 6,293 (1,378) 180 66,854
1,818$ 2,951$ 2,079$ 9,456$ 365$ 187$ 104,631$
Special Revenue Funds
89
Regional OEM
Flood Control Other Radio
Transportation Health District Other Grants System
Revenues:
Property taxes 17,788$
Licenses and permits 974$ 2,233$ 1
Intergovernmental 49,405 3,890 51 22,369$ 50,486$
Charges for services 279 2,570 3,224 9,195 642$
Fines and forfeits 141 3,609
Investment earnings 75 11 44 187 7 1
Miscellaneous 264 556 82 5,715 723 39
Total revenues 50,997 9,401 21,190 41,075 51,216 682
Expenditures:
Current:
General government 35,842 5,150
Public safety 11,401 2,190 6,698 458
Highways and streets 37,295 477
Sanitation
Health 20,365 29 8,629
Welfare 335
Culture and recreation 396 26
Education and economic opportunity 2,878 16,873
Debt service - principal 58
- interest 5
Total expenditures 37,295 20,365 11,401 41,398 38,188 458
Excess (deficiency) of revenues over
(under) expenditures 13,702 (10,964) 9,789 (323) 13,028 224
Other financing sources (uses):
Installment note 239
Proceeds from sale of capital assets 158 3 86
Transfers in 5,296 11,908 6,043 991 284
Transfers (out) (31,048) (130) (6,296) (26,747) (15,017)
Total other financing sources (uses) (25,594) 11,778 (6,293) (20,379) (14,026) 284
(11,892) 814 3,496 (20,702) (998) 508
22,762 2,040 8,206 51,610 (34)
(228)
Net change in fund balances
Fund balance at beginning of year
Change in reserve for inventory
Fund balance at end of year 10,870$ 2,626$ 11,702$ 30,908$ (1,032)$ 508$
Special Revenue Funds
PIMA COUNTY, ARIZONACombining Statement of Revenues, Expenditures and Changes in
Fund Balance - Nonmajor Governmental FundsFor the Year Ended June 30, 2014
(in thousands)
90
Total
Other
School Environmental Solid Library Stadium Street Lighting Governmental
Reserve Quality Waste District District Districts Funds
28,225$ 114$ 46,127$
2,139$ 5,347
1,887$ 1,168$ 310 1,512$ 131,078
4 31 1,156 17,101
167 524 4,441
13 12 34 8 1 393
34 11 960 4 8,388
1,887 2,357 1,222 30,053 2,680 115 212,875
159 41,151
20,747
37,772
2,521 2,521
2,791 31,814
335
33,775 4,689 38,886
2,062 21,813
298 356
5
2,062 2,791 2,819 33,775 4,689 159 195,400
(175) (434) (1,597) (3,722) (2,009) (44) 17,475
239 113 360
901 72 16 4,881 30,392
(79) (89) (3,632) (83,038)
822 185 (73) 1,249 (52,047)
(175) 388 (1,412) (3,795) (760) (44) (34,572)
1,869 2,409 3,098 10,088 (618) 224 101,654
(228)
1,694$ 2,797$ 1,686$ 6,293$ (1,378)$ 180$ 66,854$
Special Revenue Funds
Exhibit C - 2
91
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92
Combining Statements and Other Schedules
Schedule of Revenues, Expenditures and Changes in Fund Balance
Budget and Actual – Other Governmental Funds
Exhibit C - 3
Budget Actual Variance
Revenues:Intergovernmental 33,862$ 25,037$ (8,825)$Charges for services 2,377 5,054 2,677Investment earnings 762 762Miscellaneous 1,133 1,740 607
Total revenues 37,372 32,593 (4,779)
Expenditures:Capital outlay 182,442 135,746 46,696
Total expenditures 182,442 135,746 46,696
Deficiency of revenues under expenditures (145,070) (103,153) 41,917
Other financing sources (uses):Face amount of long term debt 94,000 78,160 (15,840)Transfers in 49,169 46,610 (2,559)Transfers (out) (67,335) (67,335)
Total other financing sources 143,169 57,435 (85,734)
Net change in fund balance (1,901) (45,718) (43,817)
Fund balance at beginning of year 74,381 194,730 120,349Fund balance at end of year 72,480$ 149,012$ 76,532$
For the Year Ended June 30, 2014
Schedule of Revenues, Expenditures & Changes in
(in thousands)
PIMA COUNTY, ARIZONA
Capital Projects FundFund Balance - Budget and Actual
93
Exhibit C - 4
Budget Actual VarianceRevenues:
Property taxes 59,612$ 58,737$ (875)$Intergovernmental 14 14Investment earnings 295 295Miscellaneous 14 14
Total revenues 59,612 59,060 (552)
Expenditures:Debt service - principal 97,455 112,835 (15,380)
- interest 26,563 26,758 (195)- miscellaneous 25 1,030 (1,005)
Total expenditures 124,043 140,623 (16,580)
Deficiency of revenues underexpenditures (64,431) (81,563) (17,132)
Other financing sources (uses):Premium on bonds 9,488 9,488Proceeds from refunding debt 8,805 8,805Payments to escrow agent (10,131) (10,131)Transfers in 64,073 61,489 (2,584)Transfers (out) (5,880) (5,880)
Total other financing sources 64,073 63,771 (302)
Net change in fund balances (358) (17,792) (17,434)
Fund balance at beginning of year 36,000 25,640 (10,360)Fund balance at end of year 35,642$ 7,848$ (27,794)$
PIMA COUNTY, ARIZONAStatement of Revenues, Expenditures and Changes in
Debt Service FundFor the Year Ended June 30, 2014
(in thousands)
Fund Balance - Budget and Actual
94
Exhibit C - 5
Budget Actual Variance
Revenues:
Licenses and permits 1,111$ 974$ (137)$
Intergovernmental 49,234 49,405 171
Charges for services 111 279 168
Investment earnings 120 75 (45)
Miscellaneous 301 264 (37)
Total revenues 50,877 50,997 120
Expenditures:
Highways and streets 40,277 37,295 2,982
Total expenditures 40,277 37,295 2,982
Excess of revenues over expenditures 10,600 13,702 3,102
Other financing sources (uses):
Proceeds from sale of capital assets 158 158
Transfers in 5,121 5,296 175
Transfers (out) (30,142) (31,048) (906)
Total other financing (uses) (25,021) (25,594) (573)
Net change in fund balance (14,421) (11,892) 2,529
Fund balance at beginning of year 18,268 22,762 4,494
Fund balance at end of year 3,847$ 10,870$ 7,023$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualTransportation - Special Revenue Fund
For the Year Ended June 30, 2014 (in thousands)
d
95
Exhibit C - 6
Budget Actual VarianceRevenues:
Licenses and permits 2,210$ 2,233$ 23$Intergovernmental 3,831 3,890 59Charges for services 2,964 2,570 (394)Fines and forfeits 126 141 15Investment earnings 11 11Miscellaneous 440 556 116
Total revenues 9,571 9,401 (170)
Expenditures:21,269 20,365 904Health
Total expenditures 21,269 20,365 904
Deficiency of revenues under expenditures (11,698) (10,964) 734
Other financing sources (uses):Transfers in 11,787 11,908 121Transfers (out) (103) (130) (27)
Total other financing sources 11,684 11,778 94
Net change in fund balance (14) 814 828
Change in reserve for inventory (228) (228)
1,488 2,040 552Fund balance at beginning of year
1,474$ 2,626$ 1,152$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualHealth - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
A
Fund balance at end of year
96
Exhibit C - 7
Budget Actual VarianceRevenues:
18,208$ 17,788$ (420)$1 1
- 51 5125 3,224 3,19935 44 9
Property taxes Licenses and permits Intergovernmental Charges for services Investment earnings Miscellaneous 60 82 22
Total revenues 18,328 21,190 2,862
Expenditures:Flood control 12,484 11,401 1,083
Total expenditures 12,484 11,401 1,083
Excess of revenues over expenditures 5,844 9,789 3,945
Other financing sources (uses):Proceeds from sale of capital assets - 3 3Transfers (out) (6,267) (6,296) (29)
Total other financing (uses) (6,267) (6,293) (26)
Net change in fund balance (423) 3,496 3,919
Fund balance at beginning of year 7,715 8,206 491Fund balance at end of year 7,292$ 11,702$ 4,410$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualRegional Flood Control - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
97
Exhibit C - 8
Budget Actual VarianceRevenues:
Intergovernmental 21,836$ 22,369$ 533$ Charges for services 7,655 9,195 1,540 Fines and forfeits 2,508 3,609 1,101 Investment earnings 368 187 (181) Miscellaneous 6,636 5,715 (921)
Total revenues 39,003 41,075 2,072
Expenditures:42,850 35,842 7,008
5,122 2,190 2,932 11 29 (18)
931 396 535 2,108 2,878 (770)
58 (58)
General governmentPublic safetyHealthCulture and recreationEducation and economic opportunity Debt service - principal
- interest 5 (5)
Total expenditures 51,022 41,398 9,624
Deficiency of revenues under expenditures (12,019) (323) 11,696
Other financing sources (uses):Proceeds of installment note 239 239 Proceeds of capital assets 86 86 Transfers in 5,260 6,043 783 Transfers (out) (27,030) (26,747) 283
Total other financing (uses) (21,770) (20,379) 1,391
Net change in fund balance (33,789) (20,702) 13,087
Fund balance at beginning of year 52,208 51,610 (598)
Fund balance at end of year 18,419$ 30,908$ 12,489$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualOther Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
98
Exhibit C - 9
Budget Actual VarianceRevenues:
Intergovernmental 66,449$ 50,486$ (15,963)$ Investment earnings 9 7 (2) Miscellaneous 563 723 160
Total revenues 67,021 51,216 (15,805)
Expenditures:30 30
7,432 5,170 2,26216,595 11,703 4,892
4,326 2,997 1,3291,180 5 1,175
817 786 3110 (10)
140 136 435 20 15
8,142 7,817 325155 129 26
1,200 1,193 72,092 785 1,307
316 335 (19) 3 4 (1)
75 26 4999 54 45
8,416 5,783 2,6331,056 758 298
Clerk of the Superior Court Community DevelopmentCommunity ServicesCounty AttorneyElectionsEnvironmental QualityFinanceFlood ControlForensic Science CenterHealthJustice CourtJuvenile CourtOffice of Emergency Management Office of Medical ServicesOffice of Sustainability and Conservation Natural Resources, Parks and RecreationRecorderSheriffSuperior CourtTransportation 754 477 277
Total expenditures 52,863 38,188 14,675
Excess of revenues over expenditures 14,158 13,028 (1,130)
Other financing sources (uses):Transfers in 279 991 712Transfers (out) (25,055) (15,017) 10,038
Total other financing (uses) (24,776) (14,026) 10,750
Net change in fund balance (10,618) (998) 9,620
Fund balance at beginning of year (227) (34) 193Fund balance at end of year (10,845)$ (1,032)$ 9,813$
(in thousands)
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualOther Grants - Special Revenue Fund
For the Year Ended June 30, 2014
99
Exhibit C - 10
Budget Actual VarianceRevenues:
Charges for services 262$ 642$ 380$Investment earnings 1 1Miscellaneous 421 39 (382)
Total revenues 683 682 (1)
Expenditures:Public Safety 1,361 458 903
Total expenditures 1,361 458 903
Excess (deficiency) of revenue over(under) expenditures (678) 224 902
Other financing sources:Transfers in 284 284
Total other financing sources 284 284
Net change in fund balance (678) 508 1,186
Fund balance at beginning of year
Fund balance at end of year (678)$ 508$ 1,186$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualOffice of Emergency Management's Radio System - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
100
Exhibit C - 11
Budget Actual VarianceRevenues:
Intergovernmental 2,150$ 1,887$ (263)$ Total revenues 2,150 1,887 (263)
Expenditures:School Reserve grants 2,150 2,062 88
Total expenditures 2,150 2,062 88
Deficiency of revenues under expenditures (175) (175)
Net change in fund balance (175) (175)
Fund balance at beginning of year 1,869 1,869
Fund balance at end of year 1,869$ 1,694$ (175)$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualSchool Reserve - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
101
Exhibit C - 12
Budget Actual VarianceRevenues:
2,005$ 2,139$ 134$- 4 4- 167 167
15 13 (2)
Licenses and permits Charges for services Fines and forfeits Investment earnings Miscellaneous 374 34 (340)
Total revenues 2,394 2,357 (37)
Expenditures:Environmental Quality 3,146 2,791 355
Total expenditures 3,146 2,791 355
Deficiency of revenues underexpenditures (752) (434) 318
Other financing sources (uses):Transfers in 412 901 489Transfers (out) (117) (79) 38
Total other financing sources 295 822 527
Net change in fund balance (457) 388 845
Fund balance at beginning of year 1,503 2,409 906
Fund balance at end of year 1,046$ 2,797$ 1,751$
APIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualEnvironmental Quality - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
102
Exhibit C - 13
Budget Actual Variance
Revenues:
Intergovernmental 1,050$ 1,168$ 118$
Charges for services 3,479 31 (3,448)
Investment earnings 12 12
Miscellaneous 52 11 (41)
Total revenues 4,593 1,222 (3,371)
Expenditures :
Sanitation 6,602 2,521 4,081
Debt service - principal 299 298 1
Total expenditures 6,901 2,819 4,082
Deficiency of revenues under expenditures (2,308) (1,597) 711
Other financing sources:
Proceeds from sale of capital assets 113 113
Transfers in 800 72 (728)
Total other financing sources 800 185 (615)
Net change in fund balance (1,508) (1,412) 96
Fund balance at beginning of year 2,308 3,098 790Fund balance at end of year 800$ 1,686$ 886$
Schedule of Revenues, Expenditures and Changes inFund Balance - Budget and Actual
Solid Waste - Special Revenue FundFor the Year Ended June 30, 2014
(in thousands)
PIMA COUNTY, ARIZONA
103
Exhibit C - 14
Budget Actual Variance
Revenues:
Property taxes 28,603$ 28,225$ (378)$
Intergovernmental 390 310 (80)
Fines and forfeits 650 524 (126)
Investment earnings 50 34 (16)
Miscellaneous 430 960 530
Total revenues 30,123 30,053 (70)
Expenditures:
Culture and recreation 35,305 33,775 1,530
Total expenditures 35,305 33,775 1,530
Deficiency of revenues under expenditures (5,182) (3,722) 1,460
Other financing sources (uses):
Transfers in 16 16
Transfers (out) (89) (89)
Total other financing (uses) (89) (73) 16
Net change in fund balance (5,271) (3,795) 1,476
Fund balance at beginning of year 9,522 10,088 566
Fund balance at end of year 4,251$ 6,293$ 2,042$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualLibrary District - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
104
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualStadium District - Special Revenue Fund
For the Year Ended June 30, 2014(in thousands)
Exhibit C - 15
Budget Actual VarianceRevenues:
Intergovernmental 1,652$ 1,512$ (140)$ Charges for services 153 1,156 1,003 Investment earnings 21 8 (13) Miscellaneous 455 4 (451)
Total revenues 2,281 2,680 399
Expenditures:Cultural and recreation 5,040 4,689 351
Total expenditures 5,040 4,689 351
Deficiency of revenues under expenditures (2,759) (2,009) 750
Other financing sources (uses):Transfers in 3,471 4,881 1,410 Transfers (out) (3,484) (3,632) (148)
Total other financing sources (uses) (13) 1,249 1,262
Net change in fund balance (2,772) (760) 2,012
Fund balance at beginning of year (328) (618) (290) Fund balance at end of year (3,100)$ (1,378)$ 1,722$
105
Exhibit C - 16
Budget Actual VarianceRevenues:
Property taxes 113$ 114$ 1$Investment earnings - 1 1
Total revenues 113 115 2
Expenditures:General government 154 159 (5)
Total expenditures 154 159 (5)
Deficiency of revenues under expenditures (41) (44) (3)
Net change in fund balance (41) (44) (3)
Fund balance at beginning of year - 224 224Fund balance at end of year (41)$ 180$ 221$
PIMA COUNTY, ARIZONASchedule of Revenues, Expenditures and Changes in
Fund Balance - Budget and ActualStreet Lighting Districts
For the Year Ended June 30, 2014(in thousands)
106
Combining Statements and Other Schedules
Other (Nonmajor) Enterprise Funds
Other (Nonmajor) Enterprise Funds
Development Services – to account for the operations of providing zoning permits, enforcing ordinances in compliance with state statutes, and administering uniform building codes. Parking Garages – to account for the management and operation of six public parking garages located in downtown Tucson.
PIMA COUNTY, ARIZONA Combining Statement of Net Position
Nonmajor Enterprise FundsJune 30, 2014
(in thousands)
TotalNonmajor
Development Parking EnterpriseServices Garages Funds
Assets Current assets:
4,023$ 4,331$ 8,354$ 4 5 9
6 6 97 58 155
Cash and cash equivalents Interest receivable
Due from other governments Accounts receivable Prepaid expense 16 4 20
4,140 4,404 8,544 Total current assets Noncurrent assets:
Capital assets: 1,768 1,768
12,927 12,927 639 244 883
3,730 3,730
Land and other improvements Buildings and improvements Equipment
Construction in progress Less accumulated depreciation (639) (9,581) (10,220)
Total capital assets (net of 9,088 9,088 accumulated depreciation)
Total noncurrent assets 9,088 9,088
Total assets 4,140 13,492 17,632
Liabilities Current liabilities:
Accounts payable 138 361 499
Employee compensation 231 12 243 369 373 742 Total current liabilities
Noncurrent liabilities:
Compensated absences payable 463 10 473
Total noncurrent liabilities 463 10 473
Total liabilities 832 383 1,215
9,088 9,088Net positionNet investment in capital assets Unrestricted 3,308 4,021 7,329
Total net position 3,308$ 13,109$ 16,417$
Exhibit C - 17
107
PIMA COUNTY, ARIZONA
Combining Statement of Revenues, Expenses and
Changes in Fund Net Position
Nonmajor Enterprise Funds
For the Year Ended June 30, 2014(in thousands)
Total
Nonmajor
Development Parking Enterprise
Services Garages Funds
Operating revenues:
7,553$ 2,362$ 9,915$ Charges for services
Other 55 55
Total net operating revenues 7,608 2,362 9,970
Operating expenses:
4,938 400 5,338
43 51 94
32 63 95
1,350 1,145 2,495
433 1 434
Employee compensation
Operating supplies and services
Repair and maintenance
General and administrative
Consultants and professional services
Depreciation 217 217
Total operating expenses 6,796 1,877 8,673
Operating income 812 485 1,297
Nonoperating revenues:
17 23 40 Investment earnings
Gain on disposal of capital assets 6 6
Total nonoperating revenues: 23 23 46
Income before transfers 835 508 1,343
3,667 3,667
(366) (1,004) (1,370)
Transfers in
Transfers (out)
Change in net position 469 3,171 3,640
2,839 9,938 12,777Net position at beginning of year
Net position at end of year 3,308$ 13,109$ 16,417$
Exhibit C - 18
108
PIMA COUNTY, ARIZONA Combining Statement of Cash Flows
Nonmajor Enterprise FundsFor the Year Ended June 30, 2014
(in thousands)
TotalNonmajor
Development Parking EnterpriseServices Garages Funds
Cash flows from operating activities: Cash received from customers for goods and services provided 7,601$ 2,365$ 9,966$ Cash payments to suppliers for goods and services (351) (1,209) (1,560) Cash payments to other funds for goods and services (1,794) (6) (1,800) Cash payments to employees for services (4,514) (396) (4,910)
Net cash provided by operating activities 942 754 1,696
Cash flows from noncapital financing activities: Cash transfers in from other funds 3,667 3,667 Cash transfers out to other funds (366) (1,004) (1,370)
Net cash provided by (used for) noncapital financing activities (366) 2,663 2,297
Cash flows from capital and related financing activities: Proceeds from sale of equipment 6 6 Purchase of capital assets (3,730) (3,730)
Net cash provided by (used for) capital and related financing activities 6 (3,730) (3,724)
Cash flows from investing activities: Interest received on cash and investments 14 20 34
Net cash provided by investing activities 14 20 34
Net increase (decrease) in cash and cash equivalents 596 (293) 303
Cash and cash equivalents at beginning of year 3,427 4,624 8,051
Cash and cash equivalents at end of year 4,023$ 4,331$ 8,354$
(continued)
Exhibit C - 19
109
PIMA COUNTY, ARIZONA Combining Statement of Cash Flows
Nonmajor Enterprise FundsFor the Year Ended June 30, 2014
(in thousands)
(continued)Total
Reconciliation of operating income to net cash Nonmajor provided by operating activities Development Parking Enterprise
Services Garages Funds Operating income 812$ 485$ 1,297$
Adjustments to reconcile operating income to net cash provided by operating activities:
Depreciation and amortization 217 217
Changes in assets and liabilities:
Decrease (increase) in assets: Accounts receivable (7) 3 (4)
Prepaid expenses (11) (11)
Increase in liabilities:
Accounts payable 102 46 148
Other liabilities 46 3 49
Net cash provided by operating activities 942$ 754$ 1,696$
Noncash investing, capital, and noncapital financing activities during the period ended June 30, 2014:
Development Services Enterprise Fund retired fully depreciated capital assets with an original cost of $263.
Exhibit C - 19.1
110
Combining Statements and Other Schedules
Internal Service Funds
Internal Service Funds
Self Insurance Trust Fund – to account for the risk management function of the County. The Fund provides self insurance coverage to the County for medical malpractice, workers’ compensation, unemployment, dental, general liability, environmental liability, and property damage as well as acquiring coverage for other risks.
Fleet Services – to account for the acquisition, operation, and maintenance of fleet services equipment provided to County departments.
Health Benefit Self Insurance Trust Fund – to account for health care and health-related benefits. The Fund is responsible for collecting employer and employee premiums through payroll deductions, for the payment of claims. The premiums collected include amounts paid for medical, dental, vision, short-term disability and life insurance coverages.
Other Internal Service – to account for the provision of printing, infrastructure, and telecommunication services to County departments.
Exhibit C - 20
TotalSelf- Health Other Internal
Insurance Fleet Benefit Internal ServiceTrust Services Trust Service Funds
Assets Current assets: Cash and cash equivalents 57,039$ 24,090$ 21,628$ 3,080$ 105,837$ Restricted cash equivalents 570 570 Interest receivable 10 10 13 3 36 Due from other funds 29 42 71 Due from other governments 141 141 Accounts receivable 263 24 2,847 10 3,144 Inventory 530 187 717 Prepaid expense 1,083 1 69 1,153 Total current assets 58,424 25,408 24,488 3,349 111,669Noncurrent assets: Loan receivable 10,000 10,000 Capital assets: Land and other improvements 592 592 Buildings and improvements 743 224 967 Equipment 168 38,001 8,234 46,403 Less accumulated depreciation (161) (14,857) (5,753) (20,771) Construction in progress 12,316 2,215 14,531 Total capital assets (net of accumulated depreciation) 599 36,203 4,920 41,722 Total noncurrent assets 10,599 36,203 4,920 51,722
Total assets 69,023$ 61,611$ 24,488$ 8,269$ 163,391$
Liabilities Current liabilities: Accounts payable 488$ 3,532$ 133$ 408$ 4,561$ Contract retentions 570 570 Employee compensation 58 139 42 132 371 Due to other funds 29 29 Current portion reported but unpaid losses 5,301 582 5,883 Current portion incurred but not reported losses 2,897 5,918 8,815 Total current liabilities 8,744 4,241 6,704 540 20,229 Noncurrent liabilities: Compensated absences payable 68 274 46 160 548 Loan payable 10,000 10,000 Reported but unpaid losses 15,820 18 15,838 Incurred but not reported losses 10,143 182 10,325 Total noncurrent liabilities 26,031 274 10,246 160 36,711
Total liabilities 34,775 4,515 16,950 700 56,940
Net position Net investment in capital assets 599 36,203 4,920 41,722 Restricted for: Healthcare 7,538 7,538 Unrestricted 33,649 20,893 2,649 57,191
Total net position 34,248$ 57,096$ 7,538$ 7,569$ 106,451$
PIMA COUNTY, ARIZONACombining Statement of Net Position
Internal Service FundsJune 30, 2014
(in thousands)
111
Exhibit C - 21
TotalSelf- Health Other Internal
Insurance Fleet Benefit Internal ServiceTrust Services Trust Service Funds
Operating revenues: Charges for services 15,485$ 24,979$ 63,031$ 6,979$ 110,474$ Other 87 238 1,272 52 1,649
Total operating revenues 15,572 25,217 64,303 7,031 112,123
Operating expenses: Employee compensation 2,158 3,321 1,099 2,414 8,992 Operating supplies and services 261 7,679 109 243 8,292 Incurred losses 4,851 47,161 52,012 Insurance premiums 4,052 966 5,214 43 10,275 General and administrative 478 1,246 1,018 1,669 4,411 Repair and maintenance 293 1,016 161 1,470 Consultants and professional services 687 31 2,578 809 4,105 Depreciation 2 3,515 505 4,022 Total operating expenses 12,782 17,774 57,179 5,844 93,579
Operating income 2,790 7,443 7,124 1,187 18,544
Nonoperating revenues (expenses): Investment earnings 915 221 60 10 1,206 (Loss) on disposal of capital assets (137) (137)
Total nonoperating revenues (expenses) 915 84 60 10 1,069
Income before transfers 3,705 7,527 7,184 1,197 19,613
Capital contributions 216 216 Transfers in 7 11,962 3,854 185 16,008 Transfers (out) (754) (997) (3,500) (15) (5,266)
Change in net position 2,958 18,708 7,538 1,367 30,571
Net position at beginning of year 31,290 38,388 6,202 75,880
Net position at end of year 34,248$ 57,096$ 7,538$ 7,569$ 106,451$
PIMA COUNTY, ARIZONA Combining Statement of Revenues, Expenses and
Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2014(in thousands)
112
Exhibit C - 22
TotalSelf- Health Other Internal
Insurance Fleet Benefit Internal ServiceTrust Services Trust Service Funds
Cash flows from operating activities: Cash received from other funds for goods and services provided 15,497$ 24,979$ 60,184$ 6,979$ 107,639$ Cash received from miscellaneous operations 87 262 1,272 57 1,678 Cash payments to suppliers for goods and services (5,949) (7,052) (7,774) (2,807) (23,582) Cash payments to other funds for goods and services (1,249) (1,988) (1,234) (759) (5,230) Cash payments for incurred losses (6,458) (40,461) (46,919) Cash payments to employees for services (1,358) (3,400) (789) (2,377) (7,924)
Net cash provided by operating activities 570 12,801 11,198 1,093 25,662
Cash flows from noncapital financing activities: Cash transfers in from other funds 7 11,935 3,854 185 15,981 Cash transfers out to other funds (754) (997) (3,500) (15) (5,266) Loans with other funds 1 (146) 10,029 (19) 9,865
Net cash provided by (used for) noncapital financing activities (746) 10,792 10,383 151 20,580
Cash flows from capital and related financing activities: Proceeds from sale of equipment 722 722 Purchase of capital assets (17,317) (704) (18,021)
Net cash used for capital and related financing activities (16,595) (704) (17,299)
Cash flows from investing activities: Loan receivable (10,000) (10,000) Interest on cash and investments 908 213 47 8 1,176
Net cash provided by (used for) investing activities (9,092) 213 47 8 (8,824)
Net increase (decrease) in cash and cash equivalents (9,268) 7,211 21,628 548 20,119
Cash and cash equivalents at beginning of year 66,307 17,449 2,532 86,288
Cash and cash equivalents at end of year 57,039$ 24,660$ 21,628$ 3,080$ 106,407$
(continued)
PIMA COUNTY, ARIZONACombining Statement of Cash Flows
Internal Service Funds For the Year Ended June 30, 2014
(in thousands)
113
Exhibit C - 22.1
(continued)
Total
Reconciliation of operating income (loss) to netSelf- Health Other Internal
cash provided by operating activities Insurance Fleet Benefit Internal Service
Trust Services Trust Service Funds Operating income $ 2,79 $ 7,443 7,124$ 1,187$ $ 18,54
Adjustments to reconcile operating income to net cash provided by (used for) operating activities:
Depreciation and amortization 2 3,515 505 4,022Changes in assets and liabilities:
Decrease (increase) in assets: Accounts receivable 1 63 (2,847) 4 (2,76 ) Due from other governments (39) 1 (38) Inventory 155 (187) (32) Prepaid expenses (172) (1) 610 437Increase (decrease) in liabilities: Accounts payable (455) 1,74 133 (1,06 35 Reported but unpaid losses (485) 600 115 Incurred but not reported losses (1,122) 6,100 4,978 Other liabilities (79) 88 37 46
Net cash provided by operating activities $ 570 $ 12,80 $ 11,19 $ 1,09 $ 25,66
Noncash investing, capital, and financing activities during the year ended June 30, 2014:
Fleet Services fund received a transfer in of capital assets from Regional Wastewater Reclamation with a net book value of $27.
Fleet Services fund received capital contributions with a value of $21 from GeneralGovernment and sold capital assets with a net book value of $859.
PIMA COUNTY, ARIZONACombining Statement of Cash Flows
Internal Service Funds For the Year Ended June 30, 2014
(in thousands)
Combining Statements and Other Schedules
Fiduciary Funds
PIMA COUNTY, ARIZONACombining Statement of Fiduciary Net Position
Investment Trust FundsJune 30, 2014(in thousands)
Exhibit C - 23
115
TotalTreasurer's Individual InvestmentInvestment Investment Trust
Pool Accounts Funds
$ 75,563 $ 144,516 68,953 $ AssetsCash and cash equivalentsInterest receivable 136 136
Total assets 75,699 68,953 144,652
Liabilities
Total liabilities
Net positionHeld in trust for pool participants $ 75,699 $ 144,652 68,953 $
PIMA COUNTY, ARIZONACombining Statement of Changes in Fiduciary Net Position
Investment Trust FundsFor the Year Ended June 30, 2014
(in thousands)
Exhibit C - 24
116
TotalTreasurer's Individual InvestmentInvestment Investment Trust
Pool Accounts FundsAdditions
Contributions:Participants $ 146,074 2,306,165 $ 2,452,239$
Total contributions 2,306,165 146,074 2,452,239
Investment earnings: 897 60 957Total investment earnings 897 60 957
Total additions 2,307,062 146,134 2,453,196
DeductionsDistributions to participants 2,330,987 184,046 2,515,033
Total deductions 2,330,987 184,046 2,515,033
Change in net position (23,925) (37,912) (61,837)
99,624 106,865 206,489Net position held in trust July 1, 2013
Net position held in trust June 30, 2014 $ 75,699 $ 144,652 68,953 $
Payroll Treasurer'sClearing Clearing Other Totals
AssetsCash and cash equivalents 115$ 2,518$ 66,257$ 68,890$ Due from other governments 1,174 1,174
Total assets 115 3,692 66,257 70,064
LiabilitiesEmployee compensation 115 115 Due to other governments 37,894 37,894 Deposits & rebates 3,692 28,363 32,055
Total liabilities 115$ 3,692$ 66,257$ 70,064$
PIMA COUNTY, ARIZONACombining Statement of Fiduciary Net Position
Agency FundsJune 30, 2014
(in thousands)
Exhibit C - 25
117
Balance BalancePayroll Clearing 6/30/2013 Additions Deductions 6/30/2014
AssetsCash and cash equivalents 1,081$ 1,249,545$ 1,250,511$ 115$
Total assets 1,081 1,249,545 1,250,511 115
LiabilitiesEmployee compensation 1,081 1,249,545 1,250,511 115
Total liabilities 1,081 1,249,545 1,250,511 115
Treasurer's ClearingAssets
Cash and cash equivalents 464 1,731,681 1,729,627 2,518 Due from other governments 1,391 217 1,174
Total assets 1,855 1,731,681 1,729,844 3,692
LiabilitiesDue to other governments 1,095,934 1,095,934 Deposits and rebates 1,855 635,747 633,910 3,692
Total liabilities 1,855 1,731,681 1,729,844 3,692
OtherAssets
Cash and cash equivalents 57,016 225,068 215,827 66,257
Total assets 57,016 225,068 215,827 66,257
LiabilitiesDue to other governments 35,755 170,541 168,402 37,894 Deposits and rebates 21,261 54,527 47,425 28,363
Total liabilities 57,016 225,068 215,827 66,257
Totals - All Agency FundsAssets
Cash and cash equivalents 58,561 3,206,294 3,195,965 68,890 Due from other governments 1,391 217 1,174
Total assets 59,952 3,206,294 3,196,182 70,064
LiabilitiesEmployee compensation 1,081 1,249,545 1,250,511 115 Due to other governments 35,755 1,266,475 1,264,336 37,894 Deposits and rebates 23,116 690,274 681,335 32,055
Total liabilities 59,952$ 3,206,294$ 3,196,182$ 70,064$
PIMA COUNTY, ARIZONACombining Statement of Changes in Fiduciary Net Position
Agency FundsFor the Year Ended June 30, 2014
(in thousands)
Exhibit C - 26
118
STATISTICA
L
PIMA COUNTY
Comprehensive Annual Financial Report
For the Fiscal Year Ended June 30, 2014 INTRODUCTORY SECTION FINANCIAL SECTION STATISTICAL SECTION Financial Trends Information Revenue Capacity Information Debt Capacity Information Demographic and Economic Information
Operating Information
STATISTICAL SECTION FINANCIAL TRENDS: The financial trends schedules are intended to provide users with information to assist them in understanding and assessing how a government’s financial position has changed over time. Financial trends information is considered to be a primary source of the historical perspective that helps users comprehend the direction in which a government’s economic condition is heading. It also serves the purpose of giving users a form of information that is among their most highly valued, comparative information over time.
PIM
A C
OU
NT
Y, A
RIZ
ON
AN
et P
osit
ion
by C
ompo
nent
Las
t Ten
Fis
cal Y
ears
(i
n th
ousa
nds)
(acc
rual
bas
is o
f ac
coun
ting
)
Exh
ibit
D-
1
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Gov
ernm
enta
l act
ivit
ies
741,
453
$76
1,13
0$
774,
000
$$
88
2,42
4$
97
2,34
6$
1,
048,
821
$
1,13
6,03
3$
1,
245,
227
1,3
08,0
57$$
1,35
4,45
6$
N
et in
vest
men
t in
capi
tal a
sset
sR
estr
icte
d fo
r:Sp
ecia
l rev
enue
59,7
8953
,384
63,0
1471
,618
78,0
8064
,991
64,4
4610
3,59
210
0,42
361
,936
21,3
5316
,734
17,3
9021
,349
25,7
4932
,906
32,3
2227
,033
10,9
8811
,439
7,93
48,
980
13,6
1244
,566
27,0
2777
,088
90,4
6780
,922
59,9
4557
,939
60,3
8130
,224
9,85
366
,885
3,40
54,
074
1,36
01,
163
3,59
1
Hig
hway
s an
d st
reet
sD
ebt s
ervi
ceC
apit
al p
roje
cts
Hea
lthc
are
Wor
kers
' com
pens
atio
n9,
042
33,4
51
3
8,46
4
4
6,25
653
,778
34,8
5014
9,96
616
4,60
615
7,31
514
5,61
884
,514
Unr
estr
icte
dT
otal
gov
ernm
enta
l act
ivit
ies
net p
osit
ion
8
82,2
01
959
,353
9
99,4
51
1,11
9,74
4
1,21
1,13
6
1,
350,
871
1,46
2,44
6
1,
570,
040
1
,592
,147
1,58
2,37
0
Bus
ines
s-ty
pe a
ctiv
itie
s45
7,60
046
6,25
747
6,95
048
2,82
253
9,71
855
0,54
057
5,52
556
4,56
153
1,94
558
6,86
8N
et in
vest
men
t in
capi
tal a
sset
sR
estr
icte
dfo
r:D
ebt s
ervi
ce46
843
857
479
181
913
,454
12,5
6722
,538
29,1
0031
,615
35,4
8037
,925
14,4
7911
,623
24,2
3631
,680
42,8
4122
,720
3,51
148
,379
38,6
285,
956
5,88
316
,110
17,1
6118
,449
17,7
8518
,820
Cap
ital
pro
ject
sR
egio
nal W
aste
wat
er R
ecla
mat
ion
Hea
lthc
are
6,31
95,
464
9,98
513
,732
9,01
715
,943
23,5
6220
,851
15,2
8410
,845
56,3
9734
,477
29,9
1433
,448
66,4
7010
1,75
911
7,42
5U
nres
tric
ted
(def
icit
)T
otal
bus
ines
s-ty
pe a
ctiv
itie
s ne
t pos
itio
n
488
,749
5
35,8
22
572
,462
597,
623
604,
393
63
7,58
4
686,
499
70
3,69
8
7
23,4
3077
7,44
8
Pri
mar
y go
vern
men
t
1
,199
,053
1,22
7,38
71,
250,
950
1,36
5,24
61,
512,
064
1,59
9,36
11,
711,
558
1,80
9,78
81,
840,
002
1,94
1,32
4N
et in
vest
men
t in
capi
tal a
sset
sR
estr
icte
d fo
r:
Fac
ilit
ies,
just
ice,
libr
ary,
tax
stab
iliz
atio
n 1
and
com
mun
ity
deve
lopm
ent
71,6
1878
,080
64,9
9164
,446
103,
592
100,
423
61,9
36
Spec
ial R
even
ue 1
59,7
8953
,384
63,0
14
Hig
hway
s an
d st
reet
s 1
21,3
5316
,734
17,3
9021
,349
25,7
4932
,906
32,3
2227
,033
10,9
88D
ebt s
ervi
ce11
,907
8,37
29,
554
14,4
0345
,385
13,4
5412
,567
22,5
3829
,100
31,6
1527
,027
77,0
8812
5,94
711
8,84
774
,424
69,5
6284
,617
61,9
0452
,694
89,6
059,
042
3,51
148
,379
38,6
285,
956
5,88
316
,110
17,1
6118
,449
17,7
8518
,820
Cap
ital
pro
ject
sW
orke
rs' c
ompe
nsat
ion
Reg
iona
l Was
tew
ater
Rec
lam
atio
nH
ealt
hcar
e6,
319
5,46
49,
985
13,7
329,
017
19,3
4827
,636
1,36
01,
163
3,59
154
,302
53,7
4857
,101
110,
175
69,3
2717
9,88
019
8,05
422
3,78
524
7,37
720
1,93
9U
nres
tric
ted
Tot
al p
rim
ary
gove
rnm
ent n
et p
osit
ion
$
1,3
70,9
50$
1
,495
,175
$
1,5
71,9
131,
717,
$36
71,
815,
529
$$
1,98
8,45
5$
2,
148,
945
$
2,27
3,73
8 2
,315
,577
$$
2,
359,
818
$
Not
es:
1 Beg
inni
ng in
fis
cal y
ear
2005
-06
and
in 2
008-
09, a
ll s
peci
al r
even
ue f
unds
wer
e re
clas
sifi
ed a
nd r
epor
ted
from
a f
unct
iona
l per
spec
tive
.
Sour
ce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
t
Fis
cal Y
ear
Exh
ibit
D -
2
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Exp
ense
sG
over
nmen
tal a
ctiv
itie
s:G
ener
al g
over
nmen
t19
4,87
3$
20
8,29
3$
22
3,26
6$
23
9,39
9$
21
2,19
6$
21
8,50
4$
21
8,84
3$
22
3,00
5$
233,
984
$
23
0,74
2$
Pub
lic
safe
ty
118,
412
132,
583
148,
831
165,
715
149,
253
145,
697
146,
395
150,
349
16
6,47
6
188,
782
H
ighw
ays
and
stre
ets
65,4
1470
,392
92,9
8588
,488
79,2
5168
,691
73,3
4869
,183
80
,087
93
,675
S
anit
atio
n7,
258
9,62
39,
658
7,43
46,
669
6,20
87,
224
6,
409
4,
252
H
ealt
h31
,798
32,0
4333
,800
36,9
7731
,541
33,0
8636
,475
47,2
48
36,5
40
36,0
85
Wel
fare
96,1
9910
3,08
597
,154
106,
546
115,
513
87,1
0790
,521
94,4
09
95,4
28
93,2
24
Cul
ture
and
rec
reat
ion
29,6
6334
,510
55,4
8260
,616
60,5
2061
,642
67,0
6361
,900
65
,341
63
,961
E
duca
tion
and
eco
nom
ic o
ppor
tuni
ty39
,714
39,5
1742
,483
47,2
9646
,770
52,0
2356
,626
55,1
26
49,9
24
35,7
56
Dep
reci
atio
n-un
allo
cate
d184
9A
mor
tiza
tion
-una
lloc
ated
161
165
168
138
(235
)42
8(2
,625
)80
5
(286
)
(5,7
58)
In
tere
st o
n lo
ng-t
erm
deb
t16
,152
19,4
6318
,924
22,8
6026
,780
26,4
0326
,078
24,7
76
23,9
15
27,9
94
Tot
al g
over
nmen
tal a
ctiv
itie
s ex
pens
es59
3,23
5
64
7,30
9
72
2,71
6
77
7,69
3
72
9,02
3
70
0,25
0
71
8,93
2
73
4,02
5
757,
818
76
8,71
3
Bus
ines
s-ty
pe a
ctiv
itie
s:R
egio
nal W
aste
wat
er R
ecla
mat
ion
76,0
79
82,7
01
98,2
22
106,
803
105,
139
110,
618
113,
495
117,
774
14
4,08
5
145,
117
P
ima
Hea
lth
Sys
tem
& S
ervi
ces
249,
809
256,
583
261,
859
295,
494
224,
959
204,
619
200,
305
58,7
73
Dev
elop
men
t Ser
vice
s10
,857
14
,422
15
,400
14
,750
9,
992
7,
924
6,
982
6,
912
7,
231
6,
796
P
arki
ng G
arag
es1,
494
1,
479
1,
579
1,
877
1,69
6
1,90
6
1,53
8
1,98
8
1,82
5
1,87
7
Tot
al b
usin
ess-
type
act
ivit
ies
expe
nses
338,
239
355,
185
377,
060
418,
924
341,
786
325,
067
322,
320
185,
447
15
3,14
1
153,
790
T
otal
pri
mar
y go
vern
men
t exp
ense
s93
1,47
4
1,
002,
494
1,
099,
776
1,
196,
617
1,
070,
809
1,
025,
317
1,
041,
252
91
9,47
2
910,
959
92
2,50
3
Pro
gram
rev
enu
esG
over
nmen
tal a
ctiv
itie
s:C
harg
es f
or s
ervi
ces
Gen
eral
gov
ernm
ent
22,8
81
26,0
33
26,6
63
25,5
02
26,2
83
31,0
50
27,8
02
30,4
44
28,9
10
27,3
55
Pub
lic
safe
ty
6,98
5
8,13
6
9,79
7
9,55
0
10
,386
10
,218
9,
034
12
,047
10
,238
14
,846
H
ighw
ays
and
stre
ets
20,5
49
21,6
17
11,7
32
9,31
6
4,
616
5,
317
4,
891
5,
059
6,
511
6,
307
S
anit
atio
n4,
531
4,
747
5,
930
4,66
8
3,37
8
3,69
9
3,48
7
3,57
7
31 H
ealt
h9,
526
9,
693
10
,270
9,
965
10,4
88
11,0
03
11,4
36
12,6
05
12,4
95
13,2
59
Wel
fare
320
80
Cul
ture
and
rec
reat
ion
1,64
3
1,79
7
2,99
1
3,03
1
2,
754
2,
532
2,
191
2,
254
2,
865
2,
548
E
duca
tion
and
eco
nom
ic o
ppor
tuni
ty29
8
314
69
8
716
69
1
749
1,
024
1,
008
1,
544
43
0
Ope
rati
ng g
rant
s an
d co
ntri
buti
ons
125,
121
133,
113
139,
324
144,
479
131,
361
142,
840
136,
472
143,
388
11
6,12
1
113,
129
C
apit
al g
rant
s an
d co
ntri
buti
ons
23,6
63
12,1
88
15,0
85
48,6
72
68,5
35
65,8
20
65,0
30
47,5
28
59,2
98
54,5
83
Sub
tota
l gov
ernm
enta
l act
ivit
ies
prog
ram
rev
enue
s21
0,66
6$
21
7,42
2$
22
1,30
7$
25
7,16
1$
25
9,78
2$
27
2,90
7$
26
1,57
9$
25
7,82
0$
241,
879
$
23
2,56
8$
Not
es:
1 Due
to th
e ch
ange
s in
the
Cou
nty'
s as
set m
anag
emen
t sys
tem
in f
isca
l yea
r 20
05-2
006,
Dep
reci
atio
n -
Una
lloc
ated
is in
clud
ed in
the
gene
ral g
over
nmen
t act
ivit
ies.
(con
tinu
ed)
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
t S
ourc
e:
Fis
cal Y
ear
PIM
A C
OU
NT
Y, A
RIZ
ON
AC
hang
es in
Net
Pos
itio
nL
ast T
en F
isca
l Yea
rs(i
n th
ousa
nds)
(acc
rual
bas
is o
f ac
coun
ting
)
120
Exh
ibit
D-
2P
IMA
CO
UN
TY
, AR
IZO
NA
Cha
nges
in N
et P
osit
ion
Las
t Ten
Fis
cal Y
ears
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Pro
gram
rev
enu
esB
usin
ess-
type
act
ivit
ies:
Cha
rges
for
ser
vice
s 9
2,37
9$
104
,501
$ 1
06,2
66$
106
,448
$ 1
05,1
62$
127
,889
$ 1
48,0
10$
154,
601
$ 15
6,57
3$
171,
650
$
244
,932
2
53,7
48
257
,142
2
91,9
80
216
,108
2
05,1
76
207
,652
58,
722
14,
730
17,
140
11,
239
8,9
92 5
,654
5,8
86 5
,688
6,0
73 6
,519
7,5
53
Reg
iona
l Was
tew
ater
Rec
lam
atio
nP
ima
Hea
lth
Sys
tem
& S
ervi
ces
Dev
elop
men
t Ser
vice
sP
arki
ng G
arag
es 1
,507
1,4
85 1
,548
1,7
20 1
,676
1,9
85 2
,071
2,0
83 2
,073
2,3
62 4
,238
4,9
97 5
,174
4,8
06 4
,626
4,4
21 4
,691
1,2
75 4
49 8
03
2
2,95
2
1
4,91
6 9
,319
4,1
92 2
,676
3,9
14 6
,807
3
57,7
86
382
,320
3
82,1
72
436
,898
3
48,1
42
354
,676
3
72,3
04
2
25,4
30
1
69,0
79
1
88,3
72
Ope
rati
ng g
rant
s an
d co
ntri
buti
ons
Cap
ital
gra
nts
and
cont
ribu
tion
sT
otal
bus
ines
s-ty
pe a
ctiv
itie
s pr
ogra
m r
even
ues
Tot
al p
rim
ary
gove
rnm
ent p
rogr
am r
even
ues
5
68,4
52
599
,742
6
03,4
79
694
,059
6
07,9
24
627
,583
6
33,8
83
4
83,2
50
4
10,9
58
4
20,9
40
Net
(ex
pen
se)
reve
nu
eG
over
nmen
tal a
ctiv
itie
s
(382
,569
)
(429
,887
)
(501
,409
)
(520
,532
)
(469
,241
)
(427
,343
)
(457
,353
)
(4
76,2
05)
(515
,939
)
(5
36,1
45)
19,
547
27,
135
5,1
12
1
7,97
4 6
,356
29,
609
49,
984
39,
983
15,
938
34,
582
Bus
ines
s-ty
pe a
ctiv
itie
sT
otal
gov
ernm
enta
l act
ivit
ies
net e
xpen
se
(363
,022
)
(402
,752
)
(496
,297
)
(502
,558
)
(462
,885
)
(397
,734
)
(407
,369
)
(4
36,2
22)
(500
,001
)
(5
01,5
63)
Gen
eral
rev
enu
es a
nd
oth
er c
han
ges
in n
et p
osit
ion
Gov
ernm
enta
l act
ivit
ies:
Tax
es
Pro
pert
y ta
xes
294,
643
316,
170
343,
525
377,
810
393,
255
416,
500
416,
985
394,
963
383,
508
378,
032
2,82
26,
856
8,71
58,
176
6,59
15,
688
5,59
16,
285
6,07
66,
262
1,81
91,
808
1,88
41,
952
1,53
41,
515
1,53
81,
608
1,52
41,
509
91,5
1010
3,15
810
6,98
510
3,17
189
,177
84,7
6788
,631
93,1
2397
,685
101,
605
Hot
el/m
otel
taxe
sO
ther
taxe
s le
vied
for
sta
dium
dis
tric
tS
hare
d sa
les
tax
Sha
red
vehi
cle
lice
nses
23,6
3025
,894
26,9
6727
,166
25,8
6924
,203
23,1
7323
,537
22,0
4323
,899
7,57
17,
975
9,46
87,
748
5,74
14,
081
4,52
74,
268
3,20
75,
035
6,77
15,
683
5,14
96,
365
6,12
37,
940
8,12
58,
235
7,43
96,
976
6,14
012
,942
16,4
3916
,326
5,87
55,
266
2,15
33,
416
2,62
72,
955
16,2
5412
,828
16,3
0915
,416
21,3
2316
,579
13,5
5522
,676
21,2
6716
,810
185
247
5,05
1
Unr
estr
icte
d gr
ants
and
con
trib
utio
nsIn
tere
st a
nd p
enal
ties
on
deli
nque
nt ta
xes
Inve
stm
ent e
arni
ngs
Mis
cell
aneo
usC
apit
al c
ontr
ibut
ions
Gai
n on
sal
e of
cap
ital
ass
ets
323
1,14
01,
935
(134
)72
111
34,
005
538
4,65
025
,688
(7,3
30)
(16,
715)
Tra
nsfe
rsT
otal
gov
ernm
enta
l act
ivit
ies
4
53,2
80
493
,750
5
41,2
13
564
,243
5
60,6
33
567
,077
5
68,9
28
5
83,7
99
5
38,0
46
5
26,3
68
Bus
ines
s-ty
pe a
ctiv
itie
s:1,
163
1,60
93,
849
5,51
06,
721
2,02
51,
236
900
1,00
11,
017
1,23
72,
865
1,34
81,
522
1,28
62,
394
2,88
42,
681
1,90
358
01,
484
Sta
te s
hare
d ta
xIn
vest
men
t ear
ning
sM
isce
llan
eous
Cap
ital
con
trib
utio
ns20
,722
14,6
07(1
,935
)13
4(7
21)
(113
)(4
,005
)(5
38)
(4,6
50)
(25,
688)
7,33
016
,715
Tra
nsfe
rsT
otal
bus
ines
s-ty
pe a
ctiv
itie
s
2
4,42
4
1
9,93
8 6
,311
7,8
94 4
14 3
,582
(1,
069)
(22
,784
) 8
,927
19,
436
Tot
al p
rim
ary
gove
rnm
ent
4
77,7
04
513
,688
5
47,5
24
572
,137
5
61,0
47
570
,659
5
67,8
59
5
61,0
15
5
46,9
73
5
45,8
04
70,
711
63,
863
39,
804
43,
711
91,
392
1
39,7
34
111
,575
107
,594
22,
107
(9,7
77)
net
Cha
nge
posi
tion
:in
Gov
ernm
enta
l act
ivit
ies
Bus
ines
s-ty
pe a
ctiv
itie
s
4
3,97
1
4
7,07
3
1
1,42
3
2
5,86
8 6
,770
33,
191
48,
915
17,
199
24,
865
54,
018
Tot
al p
rim
ary
gove
rnm
ent
114
,682
$ 1
10,9
36$
51,
227
$ 6
9,57
9$
98,
162
$ 1
72,9
25$
160
,490
$ 12
4,79
3$
46,9
72$
44,2
41$
Sou
rce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
t
Fis
cal Y
ear
(con
tinu
ed)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Gen
eral
Fun
dR
eser
ved
4,05
6$
5,
152
$
8,88
9$
5,
415
$
4,36
3$
U
nres
erve
d33
,171
46,4
23
48
,671
64,9
74
35
,803
Non
spen
dabl
e 1
4,08
9$
3,
315
$
2,72
0$
3,
848
$
5,27
8$
R
estr
icte
d52
2
336
33
3
- C
omm
itte
dA
ssig
ned
3,09
3
35
7
118
15
8
181
U
nass
igne
d73
,837
73,5
47
77
,596
56
,526
42
,731
T
otal
Gen
eral
Fun
d37
,227
51,5
75
57
,560
70,3
89
40
,166
81,5
41
77
,555
80,7
67
60,5
32
48,1
90
All
oth
er g
over
nmen
tal f
unds
Res
erve
d12
,746
11,7
84
13
,999
17,0
94
39
,139
Unr
eser
ved,
rep
orte
d in
:S
peci
al r
even
ue f
unds
54,3
84
66
,167
69,7
73
77
,451
86,1
21
Non
spen
dabl
e 1
2,01
1
2,
011
1,
550
1,93
91,
894
Res
tric
ted
82,9
57
94
,567
105,
468
76
,570
60
,984
C
omm
itte
d15
,305
37,9
78
10
,264
7,
746
6,
308
A
ssig
ned
3,22
1
4,
368
16,6
82
23,7
84
4,20
4
Una
ssig
ned
(5,7
93)
(9,1
80)
(9,0
13)
(8
,385
)
(6,5
36)
C
apit
al p
roje
cts
fund
s14
7,65
0
84,4
72
89
,328
152,
643
12
6,82
1
Non
spen
dabl
e 1
18 12
Res
tric
ted
124,
830
11
2,66
8
157,
688
18
7,85
5
145,
256
C
omm
itte
d1,
487
6,63
9
7,
234
6,
958
3,
836
A
ssig
ned
52 U
nass
igne
d(2
27)
(7
91)
(3
,553
)
(83)
(8
0)
Deb
t ser
vice
Ass
igne
d40
,868
35,9
03
28
,298
25
,640
7,
848
T
otal
oth
er g
over
nmen
tal f
unds
214,
780
$
16
2,42
3$
173,
100
$
24
7,18
8$
252,
081
$
26
4,72
9$
284,
175
$
31
4,61
8$
322,
024
$
22
3,71
4$
Not
e:1 D
ue to
impl
emen
tati
on o
f G
AS
B 5
4 in
FY
201
0 ca
tego
ries
reg
ardi
ng f
und
bala
nces
hav
e be
en r
edef
ined
. S
ee N
ote
1 pa
ge 4
8 fo
r de
tail
s. S
ee N
ote
2 pa
ge 5
5 fo
r pu
rpos
e de
tail
s.
Sou
rce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
t
Fis
cal Y
ear
Exh
ibit
D -
3P
IMA
CO
UN
TY
, AR
IZO
NA
Fun
d B
alan
ce -
Gov
ernm
enta
l Fun
dsL
ast T
en F
isca
l Yea
rs(i
n th
ousa
nds)
(mod
ifie
d ac
crua
l bas
is o
f ac
coun
ting
)
122
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Rev
enue
s
Tax
es30
0,97
2$
32
1,47
4$
34
8,70
0$
38
1,86
2$
39
6,24
1$
42
3,44
3$
42
1,62
3$
40
7,71
1$
39
1,63
0$
38
5,82
9$
S
peci
al a
sses
smen
ts24
421
552
155
644
153
633
024
5
L
icen
ses
and
perm
its7,
265
7,45
27,
132
7,71
06,
989
7,79
18,
494
8,15
5
8,37
1
8,27
5
Inte
rgov
ernm
enta
l27
8,41
429
1,05
930
3,39
231
2,63
429
2,23
629
6,00
430
8,21
932
7,93
9
30
1,22
3
29
2,08
2
C
harg
es f
or s
ervi
ces
53,5
6863
,582
63,5
0858
,890
55,3
4660
,376
54,4
9156
,881
53
,521
57
,826
Fi
nes
and
forf
eits
5,96
76,
014
6,55
06,
480
6,28
38,
443
6,78
610
,249
9,
904
8,
652
In
vest
men
t ea
rnin
gs5,
181
11,3
8213
,988
14,2
185,
335
4,61
21,
723
2,28
6
2,28
2
1,73
7
Mis
cella
neou
s14
,806
13,1
6517
,544
21,7
5222
,414
17,4
4214
,162
24,7
96
22,1
82
17,4
64
Tot
al r
even
ues
666,
417
714,
343
761,
335
804,
102
785,
285
818,
647
815,
828
838,
262
789,
113
771,
865
Exp
endi
ture
s
Gen
eral
gov
ernm
ent
193,
308
203,
881
222,
434
237,
640
222,
309
221,
144
223,
611
236,
020
238,
582
247,
507
Pub
lic s
afet
y10
9,79
812
1,22
913
2,93
014
9,47
514
4,61
713
6,74
413
6,70
914
5,71
115
2,37
315
7,57
2H
ighw
ays
and
stre
ets
38,3
6339
,394
42,6
8343
,741
38,1
3234
,274
34,6
1433
,651
35,8
6637
,772
San
itatio
n6,
271
6,76
68,
310
6,66
65,
637
5,37
56,
317
5,32
82,
521
Hea
lth30
,802
30,0
3832
,311
34,3
5231
,626
32,7
3736
,511
46,6
7235
,581
35,3
57W
elfa
re96
,996
103,
034
97,1
6810
6,60
711
5,48
187
,089
90,5
7294
,360
95,3
3993
,193
Cul
ture
and
rec
reat
ion
23,1
7228
,561
45,1
9750
,509
51,6
5750
,198
49,9
8652
,103
55,6
9156
,745
Edu
catio
n an
d ec
onom
ic o
ppor
tuni
ty38
,098
37,9
1838
,474
42,2
8642
,299
48,4
0250
,432
47,7
9844
,299
34,1
96C
apita
l out
lay
127,
632
121,
007
202,
659
139,
539
146,
334
162,
306
153,
203
149,
612
174,
976
135,
746
Deb
t se
rvic
e -
prin
cipa
l42
,891
50,5
4753
,733
59,7
1910
0,38
487
,307
76,3
6178
,688
68,3
4211
3,33
7-
inte
rest
16,1
2719
,448
18,9
6522
,639
26,8
4926
,414
26,0
8624
,762
23,9
0426
,777
- m
isce
llane
ous
2515
1233
024
433
211,
179
1,65
41,
030
Tot
al e
xpen
ditu
res
717,
212
761,
343
893,
332
895,
147
926,
378
892,
235
883,
481
916,
873
931,
935
941,
753
Exc
ess
(def
icie
ncy)
of
reve
nues
ove
r(u
nder
) ex
pend
iture
s(5
0,79
5)(4
7,00
0)(1
31,9
97)
(91,
045)
(141
,093
)(7
3,58
8)(6
7,65
3)(7
8,61
1)(1
42,8
22)
(169
,888
)
Oth
er f
inan
cing
sou
rces
(us
es):
31,9
55
30,7
45
51,2
80
8,80
5
250
1,42
91,
964
675
1,90
93,
276
7,34
911
,959
9,48
8(3
2,36
1)(3
3,01
3)(5
5,42
3)(1
0,13
1)23
131
289
476
423
927
416
1,42
627
876
1,11
859
1,93
831
360
116,
200
4,83
614
6,32
017
5,00
010
9,40
012
5,00
075
,000
78,4
2513
0,17
578
,160
50,0
0859
,948
86,0
8912
8,40
617
1,18
698
,800
109,
715
141,
924
113,
227
162,
683
Pro
ceed
s-re
fund
ing
bond
s P
rem
ium
on
bond
sPa
ymen
ts to
ref
und
escr
ow a
gent
s C
apit
al le
ases
/Inst
allm
ent n
ote
Pro
ceed
s fr
om s
ale
of c
apita
l ass
ets
Face
am
ount
of
long
-ter
m d
ebt
Tra
nsfe
rs in
Tra
nsfe
rs (
out)
(46,
962)
(56,
263)
(86,
688)
(127
,692
)(1
66,3
19)
(98,
355)
(105
,007
)(1
15,9
14)
(122
,244
)(1
90,1
40)
Tot
al o
ther
fin
anci
ng s
ourc
es (
uses
)11
9,52
3
9,
168
14
8,57
6
17
8,01
7
11
5,81
8
12
8,06
6
83
,043
11
2,34
8
12
9,76
9
59
,464
Cha
nge
in r
eser
ves
- ne
t38
5(1
77)
(211
)(5
5)(5
5)70
(27)
Net
cha
nge
in f
und
bala
nces
69,1
13$
(38,
009)
$
16,3
68$
86,9
17$
(25,
330)
$
54,4
78$
15,4
60$
33,7
10$
(13,
053)
$
(110
,424
)$
Deb
t se
rvic
e as
a p
erce
ntag
e of
non
capi
tal e
xpen
ditu
res
9.87
%10
.90%
9.88
%10
.48%
15.8
9%15
.31%
13.5
4%13
.50%
11.6
7%16
.56%
Sou
rce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
t
Fisc
al Y
ear
Exh
ibit
D -
4P
IMA
CO
UN
TY
, AR
IZO
NA
Cha
nges
in F
und
Bal
ance
s -
Gov
ernm
enta
l Fun
dsL
ast T
en F
isca
l Yea
rs(in
thou
sand
s)(m
odifi
ed a
ccru
al b
asis
of a
ccou
ntin
g)
123
(This page is intentionally blank)
124
STATISTICAL SECTION REVENUE CAPACITY: The revenue capacity information is intended to assist users to understand and assess the factors affecting a government’s ability to generate its own-source revenues. The presentation here is not limited to property tax revenues, but certain other revenues are presented to comply with debt disclosure requirements, e.g., hotel taxes, car rental and RV taxes, and street and highway revenues.
Tax
able
Tot
al
Est
imat
edA
sses
sed
Val
ueC
omm
erci
alR
esid
enti
alV
acan
tA
sses
sed
D
irec
tL
imit
ed a
s a
Per
cent
age
Tax
Yea
rP
rope
rty
Pro
pert
yL
and
Oth
erV
alue
Tax
Rat
eV
alue
of L
imit
ed V
alue
2005
1,88
2,87
9$
3,61
5,60
3$
32
3,14
7$
27
,920
$
5,
849,
549
$
5.
4611
50
,631
,267
$
11
.55%
2006
2,00
1,13
7
4,07
6,60
0
35
9,66
2
29
,803
6,
467,
202
5.
3406
56
,437
,790
11
.46%
2007
2,20
4,07
2
4,68
9,97
2
42
8,48
6
30
,802
7,
353,
331
5.
0674
64
,347
,659
11
.43%
2008
2,35
8,25
9
5,35
2,91
6
49
3,05
5
35
,442
8,
239,
672
4.
6702
73
,122
,499
11
.27%
2009
2,56
8,20
3
5,85
3,94
7
52
5,77
9
37
,783
8,
985,
712
4.
5917
80
,593
,121
11
.15%
2010
2,47
3,32
0
5,88
9,57
2
53
6,95
8
39
,797
8,
939,
647
4.
6798
82
,348
,215
10
.86%
2011
2,43
6,69
2
5,33
2,60
8
50
0,83
6
39
,984
8,
310,
120
4.
8491
78
,036
,208
10
.65%
2012
2,51
4,31
0
5,03
6,81
0
47
2,55
8
50
,260
8,
073,
938
4.
8520
76
,085
,641
10
.61%
2013
2,37
5,96
9
4,70
1,88
1
42
9,96
7
51
,312
7,
559,
129
5.
1309
73
,262
,703
10
.32%
2014
2,30
8,92
4
4,75
2,61
2
407,
857
49
,090
7,
518,
483
5.
7639
74
,402
,882
10
.11%
Not
es:
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
Pro
pert
y in
Pim
a C
ount
y is
ass
esse
d an
nual
ly w
ith
valu
es b
eing
set
by
eith
er th
e C
ount
y A
sses
sor
or th
e A
rizo
na D
epar
tmen
t of
Rev
enue
. The
val
ues
are
the
basi
s fo
r P
rim
ary
Tax
es a
nd a
nnua
l cha
nges
ther
ein
are
rest
rict
ed b
y th
e S
tate
Con
stit
utio
n. A
sses
smen
t rat
ios
are
set b
y th
e le
gisl
atur
e fo
r in
divi
dual
pro
pert
y ty
pes.
The
taxa
ble
asse
ssed
val
ue is
arr
ived
at b
y m
ulti
plyi
ng a
n as
sess
men
t rat
io th
at h
as v
arie
d fr
om te
n pe
rcen
t for
res
iden
tial
pr
oper
ty to
twen
ty-f
ive
perc
ent f
or c
omm
erci
al p
rope
rty.
Tax
rat
es a
re p
er $
100
of a
sses
sed
valu
e.
PIM
A C
OU
NT
Y, A
RIZ
ON
AT
axab
le A
sses
sed
Val
ue a
nd E
stim
ated
Act
ual V
alue
of
Pro
pert
yL
ast T
en T
ax Y
ears
(in
thou
sand
s)
Exh
ibit
D -
5
125
Flo
odC
ount
yF
ire
Tax
Cou
nty
Cou
nty
Con
trol
Lib
rary
Dis
tric
t
Yea
rP
rim
ary
Sec
onda
ryD
istr
ict1
Dis
tric
tA
ssis
tanc
eT
otal
2005
4.07
200.
7150
0.37
460.
2575
0.04
205.
4611
2006
3.84
200.
7150
0.37
460.
3675
0.04
155.
3406
2007
3.60
200.
6850
0.34
460.
3975
0.03
835.
0674
2008
3.39
130.
6050
0.29
350.
3393
0.04
114.
6702
2009
3.31
330.
7100
0.26
350.
2643
0.04
064.
5917
2010
3.31
330.
7500
0.26
350.
3100
0.04
304.
6798
2011
3.41
780.
7800
0.26
350.
3460
0.04
184.
8491
2012
3.41
780.
7800
0.26
350.
3460
0.04
474.
8520
2013
3.66
650.
7800
0.26
350.
3753
0.04
565.
1309
2014
4.27
790.
7000
0.30
350.
4353
0.04
725.
7639
Cen
tral
AZ
Flo
win
gC
orta
ro-
Mob
ile
Gla
dden
Far
ms
Van
derb
ilt F
arm
sQ
uail
Cre
ekG
ladd
en F
arm
sS
agua
ro S
prin
gsS
tate
Com
mun
ity
Cit
yC
ity
Str
eet
Wat
erW
ells
Sil
verb
ell
Mar
ana
Hom
eC
omm
unit
y C
omm
unit
y C
omm
unit
y P
hase
II
C
omm
unit
yT
axof
Edu
cati
onC
olle
geof
of S
outh
Lig
htin
gC
onse
rvat
ion
Irri
gati
onIr
riga
tion
Irri
gati
onR
eloc
atio
nF
acil
itie
s F
acil
itie
s F
acil
itie
s C
omm
unit
yF
acil
itie
s
Yea
rA
rizo
naA
ssis
tanc
eD
istr
ict
Tuc
son
Tuc
son
Dis
tric
tD
istr
ict
Dis
tric
t2D
istr
ict2
Dis
tric
t2D
istr
ict3
Dis
tric
tD
istr
ict
Dis
tric
tF
acil
itie
s D
istr
ict
Dis
tric
t
2005
0.00
000.
4358
1.31
141.
2364
0.23
830.
1200
12.9
000
3.00
0060
.000
02.
8000
2006
0.00
000.
0000
1.25
151.
2257
0.23
830.
1200
12.9
000
3.00
0060
.000
02.
8000
0.30
0020
070.
0000
0.00
001.
1845
1.13
210.
2258
0.10
0012
.900
03.
0000
65.0
000
2.80
000.
3000
3.30
0020
080.
0000
0.00
001.
1355
0.96
010.
2143
0.10
0019
.350
03.
0000
66.0
000
2.80
000.
3000
3.30
0020
090.
0000
0.33
061.
0770
0.93
440.
2035
0.10
0019
.350
03.
0000
66.0
000
2.80
000.
3000
3.30
0020
100.
0000
0.35
641.
0848
0.95
500.
1999
0.10
0019
.350
03.
0000
66.0
000
2.80
000.
3000
3.30
000.
3000
0.30
0020
110.
0000
0.42
591.
1094
1.16
212.
6603
0.10
0019
.350
03.
0000
66.0
000
0.50
002.
8000
0.30
003.
3000
0.30
000.
3000
2012
0.00
000.
4717
1.17
411.
2639
2.76
409.
6038
0.10
0019
.350
03.
0000
66.0
000
0.50
002.
8000
0.30
003.
3000
0.30
000.
3000
2013
0.00
000.
5123
1.29
331.
4304
2.97
7610
.190
00.
1400
19.3
500
3.00
0069
.000
00.
5000
2.80
000.
3000
3.30
000.
3000
0.30
0020
140.
0000
0.50
891.
3344
1.46
060.
2528
12.0
787
0.14
0019
.350
03.
0000
69.0
000
0.50
002.
8000
0.30
003.
3000
0.30
000.
3000
Not
es:
1 The
Pim
a C
ount
y F
lood
Con
trol
Dis
tric
t tax
levy
app
lies
onl
y to
rea
l pro
pert
y.2 Ir
riga
tion
Dis
tric
ts' t
ax r
ates
sho
wn
are
levi
ed o
n a
per
acre
bas
is.
3 Mob
ile
Hom
e R
eloc
atio
n le
vy a
ppli
es o
nly
to u
nsec
ured
mob
ile
hom
es.
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
Pri
mar
y an
d se
cond
ary
tax
rate
s (p
er $
100
of n
et a
sses
sed
valu
e) a
re s
et b
y th
e C
ount
y B
oard
of
Sup
ervi
sors
or
the
gove
rnin
g bo
ards
of
othe
r ta
juri
sdic
tion
s. T
he T
owns
of
Mar
ana,
Oro
Val
ley
and
Sah
uari
ta d
o no
t cur
rent
ly le
vy a
pro
pert
y ta
x.
The
Tuc
son
Bus
ines
s Im
prov
emen
t Dis
tric
t lev
y (o
n a
per-
busi
ness
bas
is)
is n
ot s
how
n.
Cou
nty
Dir
ect
Rat
es
Ove
rlap
pin
g R
ates
Exh
ibit
D -
6P
IMA
CO
UN
TY
, AR
IZO
NA
Dir
ect a
nd O
verl
appi
ng P
rope
rty
Tax
Rat
es
(per
$10
0 of
ass
esse
d va
lue)
126
Sch
ool D
istr
ict
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Tuc
son
Uni
fied
(#1
)7.
8829
7.
3857
7.
0500
6.
5659
6.
0701
6.
2976
6.
9480
7.
3187
7.
4319
7.
5094
Mar
ana
Uni
fied
(#6
)6.
0991
5.
9117
5.
7887
5.
4815
4.
9286
4.
6995
5.
2047
5.
5863
6.
0085
6.
2288
Flo
win
g W
ells
Uni
fied
(#8
)7.
1232
6.
8677
6.
5674
6.
2665
6.
1239
6.
0407
5.
9689
5.
9778
6.
7146
6.
6135
Am
phit
heat
er U
nifi
ed (
#10)
6.42
58
6.11
93
5.49
64
4.85
89
4.61
12
5.05
11
5.40
33
5.55
39
5.92
26
5.80
44
Sun
nysi
de U
nifi
ed (
#12)
8.64
82
9.15
29
8.14
90
7.80
09
7.08
99
6.96
80
6.94
15
6.31
54
5.00
03
6.03
64
Tan
que
Ver
de U
nifi
ed (
#13)
5.79
85
5.48
06
5.10
33
4.36
82
3.18
37
3.35
45
3.80
42
4.15
38
5.00
12
5.03
29
Ajo
Uni
fied
(#1
5)4.
4994
4.
4929
4.
8627
4.
5964
4.
3158
4.
9069
5.
6740
3.
5338
3.
8882
4.
8452
Cat
alin
a F
ooth
ills
Uni
fied
(#1
6)6.
8422
6.
7428
6.
3942
6.
1053
4.
9970
4.
2154
4.
2095
4.
7472
4.
8264
4.
7066
Vai
l Ele
men
tary
(#2
0)6.
7510
6.
7032
6.
0327
5.
5360
5.
2016
4.
8839
4.
6550
5.
9120
7.
1703
7.
3000
Sah
uari
ta U
nifi
ed (
#30)
8.14
95
7.73
45
6.18
07
5.91
76
5.42
30
6.57
53
5.40
67
5.51
83
6.63
41
7.28
85
San
Fer
nand
o E
lem
enta
ry (
#35)
3.71
21
3.74
81
3.79
00
3.79
20
4.59
54
3.68
83
4.85
41
4.03
31
5.78
31
5.82
44
Em
pire
Ele
men
tary
(#3
7)8.
0930
8.
4864
7.
5703
4.
9021
2.
9383
2.
9195
2.
7531
1.
2484
1.
1287
2.
1687
Con
tine
ntal
Ele
men
tary
(#3
9)2.
1532
2.
0682
1.
8970
1.
7343
1.
6122
1.
6945
2.
0258
1.
5729
1.
7027
2.
6146
Red
ingt
on E
lem
enta
ry (
#44)
4.88
56
4.88
53
4.89
52
7.47
20
7.63
40
7.06
89
6.76
30
5.91
98
4.82
00
4.77
11
Alt
ar V
alle
y E
lem
enta
ry (
#51)
6.26
07
5.76
96
5.80
86
5.74
51
6.05
06
6.25
00
6.56
75
6.43
55
6.26
76
6.73
81
Uno
rgan
ized
11.
8090
1.
7394
1.
6020
1.46
22
1.
3726
1.47
97
1.76
82
1.
9585
2.12
65
2.
1123
Not
es:
1 Cou
nty
Edu
cati
on D
istr
ict;
Onl
y ap
plie
s to
thos
e ge
ogra
phic
al a
reas
wit
hin
Pim
a C
ount
y no
t par
t of
form
al s
choo
l dis
tric
ting
Sou
rce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
t
Exh
ibit
D -
6aP
IMA
CO
UN
TY
, AR
IZO
NA
Dir
ect a
nd O
verl
appi
ng P
rope
rty
Tax
Rat
es -
Sch
ool D
istr
icts
L
ast T
en T
ax Y
ears
(per
$10
0 of
ass
esse
d va
lue)
127
Per
cent
of
Per
cent
of
Per
cent
of
Per
cent
of
Per
cent
of
Est
imat
edR
ank
Tot
alE
stim
ated
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kT
otal
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imat
edR
ank
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stim
ated
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kT
otal
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imat
edR
ank
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alA
sses
sed
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esse
dA
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sed
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esse
dA
sses
sed
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esse
dA
sses
sed
Ass
esse
dA
sses
sed
Ass
esse
d
Tax
paye
rV
alue
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alue
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ue1
Val
ueV
alue
1V
alue
Val
ue1
Val
ueV
alue
1V
alue
Uni
sour
ce/T
ucso
n E
lect
ric
Pow
er C
o.14
5,93
7
1
2.4%
143,
362
12.
1%15
0,77
1
1
1.8%
153,
431
21.
6%15
8,76
4
2
2.6%
Phe
lps
Dod
ge C
orpo
rati
on -
Sie
rrit
a M
ine
21,2
09
60.
4%55
,176
4
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93,6
56
31.
1%15
6,78
0
1
1.6%
198,
694
13.
3%
Sout
hwes
t Gas
Cor
pora
tion
62,9
70
31.
0%62
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3
0.9%
62,9
19
40.
8%63
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40.
7%64
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41.
1%
ASA
RC
O L
LC
- M
issi
on M
ine
00.
0%0
0.0%
00.
0%0
0.0%
20,0
428
0.3%
QW
EST
Cor
pora
tion
104,
468
21.
7%87
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2
1.3%
94,3
00
21.
1%87
,000
30.
9%74
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31.
2%
Tri
co E
lect
ric
Co-
Op
Inc.
00.
0%14
,806
10
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44
80.
2%18
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90.
2%21
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70.
3%
Wal
-Mar
t Sto
res
Inco
rpor
ated
00.
0%0
0.0%
00.
0%0
0.0%
00.
0%
Nor
thw
est H
ospi
tal L
LC
00.
0%0
0.0%
00.
0%0
0.0%
00.
0%
DN
D N
effs
on C
o. (
Tuc
son
Mal
l)22
,377
5
0.4%
19,0
87
70.
3%19
,897
7
0.2%
21,0
138
0.2%
18,8
8810
0.3%
Star
r P
ass
Res
ort D
evel
opm
ents
LL
C0
0.0%
17,0
68
80.
2%15
,280
10
0.2%
15,8
8910
0.2%
19,3
849
0.3%
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izon
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eles
s0
0.0%
00.
0%0
0.0%
00.
0%0
0.0%
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get C
orpo
rati
on0
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00.
0%0
0.0%
Ari
zona
Por
tlan
d C
emen
t22
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4
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22,8
58
50.
3%23
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6
0.3%
23,5
937
0.2%
27,5
616
0.5%
ASA
RC
O M
inin
g0
0.0%
00.
0%0
0.0%
44,0
475
0.5%
63,5
725
1.1%
Ray
theo
n16
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8
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21,6
65
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3%58
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5
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33,8
336
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00.
0%
Wes
tin
La
Pal
oma
16,3
58
70.
3%15
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9
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15,9
59
90.
2%0
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0%
El C
onqu
ista
dor
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el
13,6
53
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00.
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00.
0%
HD
P N
orth
wes
t14
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9
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00.
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0.0%
Tot
al T
op T
en44
0,20
8$
7.
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9,46
5$
6.
7%55
3,28
1$
6.
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8,10
0$
6.
4%66
7,35
5$
11
.0%
Not
es:
$6,0
50,9
50$6
,869
,955
$8,2
20,3
96$9
,594
,862
$9,8
60,9
811 Se
cond
ary
Ass
esse
d V
alua
tion
for
Tax
Yea
r
Sour
ce:
(con
tinu
ed)
Pim
a C
ount
y A
sses
sor's
Off
ice
Ari
zona
Dep
artm
ent o
f R
even
ue
2007
2006
2005
2008
2009
Exh
ibit
D -
7PI
MA
CO
UN
TY
, AR
IZO
NA
Pri
ncip
al P
rope
rty
Tax
paye
rsL
ast T
en F
isca
l Yea
rs(i
n th
ousa
nds)
128
Per
cent
of
Per
cent
of
Per
cent
of
Per
cent
of
Per
cent
of
Est
imat
edR
ank
Tot
alE
stim
ated
Ran
kT
otal
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imat
edR
ank
Tot
alE
stim
ated
Ran
kT
otal
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imat
edR
ank
Tot
alA
sses
sed
Ass
esse
dA
sses
sed
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esse
dA
sses
sed
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esse
dA
sses
sed
Ass
esse
dA
sses
sed
Ass
esse
d
Tax
paye
rV
alue
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alue
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ue1
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ueV
alue
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alue
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ue1
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ueV
alue
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Uni
sour
ce/T
ucso
n E
lect
ric
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er C
o.16
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3$
11.
8%16
8,51
0$
1
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179,
262
$
12.
2%20
0,70
6$
1
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201,
401
12.
7%
Phe
lps
Dod
ge C
orpo
rati
on89
,289
21.
0%99
,048
21.
2%14
2,41
92
1.7%
136,
947
21.
8%95
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2
1.3%
Sou
thw
est G
as C
orpo
rati
on65
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30.
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30.
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40.
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AS
AR
CO
LL
C28
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50.
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31.
0%74
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4
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QW
ES
T C
orpo
rati
on55
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40.
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50.
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5
0.5%
Tri
co E
lect
ric
Co-
Op
Inc.
21,2
086
0.2%
21,2
176
0.3%
22,1
336
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136
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21,8
45
60.
3%
Wal
-Mar
t Sto
res
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rpor
ated
00.
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15,5
819
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238
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66
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3%
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thw
est H
ospi
tal L
LC
17,0
978
0.2%
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909
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807
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2%
DN
D N
effs
on C
o. (
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son
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l)17
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9
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rr P
ass
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ort D
evel
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ents
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100.
2%16
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100.
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00.
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10
0.2%
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izon
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eles
s0
0.0%
00.
0%14
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10
0.2%
12,8
84
100.
2%-
0.0%
Tar
get C
orpo
rati
on0
0.0%
17,5
198
0.2%
00.
0%0
0.0%
-
0.
0%
Ari
zona
Por
tlan
d C
emen
t16
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-
0.
0%
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AR
CO
Min
ing
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-
0.
0%
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theo
n0
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0.0%
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tin
La
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oma
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0.
0%
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onqu
ista
dor
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00.
0%0
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0.
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orth
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t0
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00.
0%-
0.0%
Tot
al T
op T
en49
2,72
2$
5.3%
532,
828
$
6.3%
608,
128
$
7.4%
598,
339
$
7.8%
543,
261
$
Not
es:
1 Sec
onda
ry A
sses
sed
Val
uati
on f
or T
ax Y
ear
$9,3
42,5
61$8
,448
,282
$8,1
71,2
12$7
,623
,691
7,57
9,89
8
Sou
rce:
Pim
a C
ount
y A
sses
sor's
Off
ice
Ari
zona
Dep
artm
ent o
f R
even
ue
2013
2011
2010
2014
2012
PIM
A C
OU
NT
Y, A
RIZ
ON
AP
rinc
ipal
Pro
pert
y T
axpa
yers
Las
t Ten
Fis
cal Y
ears
(in
thou
sand
s)
Exh
ibit
D -
7
129
Exh
ibit
D -
8
Ori
gina
lR
eal
Rea
lT
axP
rope
rty
Per
cent
of
Col
lect
ions
Per
cent
of
Del
inqu
ent
Fis
cal
Pro
pert
yR
oll
Tax
Lev
yO
rigi
nal
in S
ubse
quen
tA
djus
ted
Tax
es
Yea
rC
orre
ctio
nsL
evy
Yea
rsA
mou
ntL
evy
Rec
eiva
ble2
2004
-05
Tax
Lev
y$
2
81,1
72$$
(A
djus
ted)
Am
ount
(49
4)$
2
80,6
78$
2
71,8
41
8
,667
96.6
8%$
280
,508
$$
99
.94%
170
$20
05-0
6
3
02,1
27
(2
91)
301
,836
292
,019
96.6
5%
9,75
6
301,
775
99.9
8%61
2006
-07
330
,240
329
,918
318
,520
96.4
5%
1
1,29
8
329,
818
99.9
7%10
020
07-0
8
3
62,5
35
3
61,9
13
3
48,7
4196
.20%
12,
946
36
1,68
799
.94%
226
2008
-09
379
,674
379
,314
363
,624
95.7
7%
1
5,41
6
379,
040
99.9
3%27
420
09-1
0
4
02,0
62
4
01,9
56
3
84,9
8395
.75%
16,
679
40
1,66
299
.93%
294
2010
-11
402
,532
(322
)
(6
22)
(360
)
(1
06)
(384
)
4
02,1
48
3
83,9
7895
.39%
16,
295
40
0,27
399
.53%
1
,875
2011
-12
383
,709
383
,709
369
,100
96.1
9%
1
3,14
8
382,
248
99.6
2%
1,4
6120
12-1
3
3
70,9
22
3
70,9
22
3
57,5
5696
.40%
12,
182
36
9,73
899
.68%
1
,184
2013
-14
368
,313
368
,313
355
,338
96.4
8%
355,
338
96.4
8%
1
2,97
5
Not
e:1 A
mou
nts
coll
ecte
d ar
e on
a c
ash
basi
s ra
ther
than
the
mod
ifie
d ac
crua
l bas
is u
sed
in th
e fi
nanc
ial s
tate
men
ts.
2 R
epre
sent
s th
e di
ffer
ence
bet
wee
n th
e ad
just
ed le
vy a
nd c
olle
cted
to J
une
30, 2
014.
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
Pim
a C
ount
y T
reas
urer
's O
ffic
e
End
of
Tax
Fis
cal Y
ear1
June
30,
201
41
PIM
A C
OU
NT
Y, A
RIZ
ON
AR
eal P
rope
rty
Tax
Lev
ies
and
Col
lect
ions
L
ast T
en F
isca
l Yea
rs(i
n th
ousa
nds)
Col
lect
ed to
Jun
e 30
,C
olle
cted
to
130
Limited and Ratio of NetNet Assessed Full Cash Assessed to
Value Values1 Full Cash Value
2004-05 Primary 5,412,550$ 46,754,009$ 11.58%2004-05 Secondary 5,620,156 48,474,537 11.59%
2005-06 Primary 5,849,549 50,631,267 11.55%2005-06 Secondary 6,050,950 52,335,111 11.56%
2006-07 Primary 6,467,202 56,437,790 11.46%2006-07 Secondary 6,869,955 59,890,229 11.47%
2007-08 Primary 7,353,331 64,347,659 11.43%2007-08 Secondary 8,220,396 72,101,321 11.40%
2008-09 Primary 8,230,967 73,122,499 11.26%2008-09 Secondary 9,594,862 85,993,246 11.16%
2009-10 Primary 8,985,712 80,593,121 11.15%2009-10 Secondary 9,860,981 88,095,754 11.19%
2010-11 Primary 8,939,647 82,348,221 10.86%2010-11 Secondary 9,342,561 86,228,902 10.83%
2011-12 Primary 8,310,120 78,036,208 10.65%2011-12 Secondary 8,448,282 80,152,473 10.54%
2012-13 Primary 8,073,938 76,085,641 10.61%2012-13 Secondary 8,171,212 77,731,086 10.51%
2013-14 Primary 7,559,129 73,262,703 10.32%2013-14 Secondary 7,623,691 74,590,067 10.22%
Notes:1Limited value is the basis for primary taxes and annual changes therein are restricted by statute;
Full Cash Value or Secondary Value approximates market value.
Source: Pima County Finance & Risk Management
Fiscal Year
Exhibit D - 9PIMA COUNTY, ARIZONAAssessed, Limited and Full Cash (Secondary) Value of Taxable Property
Last Ten Fiscal Years(in thousands)
131
FY 2013-14 (Tax Year 2013) FY 2014-15 (Tax Year 2014)Jurisdiction Valuation Rate Valuation Rate
State of Arizona 7,559,129$ 0 7,518,482$ 0
Pima County General Fund - Primary 7,559,129 3.6665 7,518,482 4.2779 Debt Service - Secondary 7,623,691 0.7800 7,579,899 0.7000 Free Library - Secondary 7,590,546 0.3753 7,522,894 0.4353
Total County - Primary 7,559,129 3.6665 7,518,482 4.2779 Total County - Secondary 1.1600 1.1353 Grand Total 4.8265 5.4132
Education Assistance 7,559,129 0.5123 7,518,482 0.5089
Flood Control District - Secondary 6,768,457 0.2635 6,767,458 0.3035
Fire District Assistance - Secondary 7,623,691 0.0456 7,518,482 0.0472
Pima Community College District Primary 7,559,129 1.2746 7,518,482 1.3344 Secondary 7,623,691 0.0187 0 0 Total 1.2933 1.3344
Central Arizona Water Conservation District Secondary 7,590,546 0.1400 7,522,894 0.1400
Cities & Towns City of Tucson Primary 3,114,079 0.5245 3,100,675 0.4829 Secondary 3,151,042 0.9059 3,131,952 0.9777 Total 1.4304 1.4606
City of South Tucson Primary 21,690 0.2528 21,180 0.2528 Secondary 22,126 2.7248 0 0 Total 2.9776 0.2528
School Districts Unorganized - Primary 18,101 2.1265 18,330 2.1123
Tucson Unified (District #1) Primary 3,002,397 6.0056 3,001,654 6.8021 Secondary 3,029,356 1.4263 3,028,699 0.7073 Total 7.4319 7.5094
Source:Pima County Finance & Risk Management (continued)
Exhibit D - 10PIMA COUNTY, ARIZONA Comparative Net Valuations and Tax Rates
(per $100 assessed value)(in thousands)
132
FY 2013-14 (Tax Year 2013) FY 2014-15 (Tax Year 2014)Jurisdiction Valuation Rate Valuation Rate
Marana Unified (District #6) Primary 709,376$ 4.1868 710,743$ 4.3493 Secondary 714,419 1.8217 716,727 1.8795 Total 6.0085 6.2288
Flowing Wells Unified (District #8) Primary 187,075 4.4304 186,862 4.4165 Secondary 188,811 2.2842 188,539 2.1970 Total 6.7146 6.6135
Amphitheater Unified (District #10) Primary 1,381,231 4.3876 1,376,502 4.3674 Secondary 1,394,361 1.5350 1,388,632 1.4370 Total 5.9226 5.8044
Sunnyside Unified (District #12) Primary 412,538 3.5420 407,058 3.4565 Secondary 420,920 1.4583 411,216 2.5799 Total 5.0003 6.0364
Tanque Verde Unified (District #13) Primary 170,152 3.8031 168,681 3.8926 Secondary 170,710 1.1981 169,220 1.1403 Total 5.0012 5.0329
Ajo Unified (District #15) Primary 19,958 3.8882 19,274 4.8452 Secondary 20,190 0.0000 19,423 0.0000 Total 3.8882 4.8452
Catalina Foothills Unified (District #16) Primary 548,805 3.6625 555,678 3.1273 Secondary 550,355 1.1639 558,433 1.5793 Total 4.8264 4.7066
Vail Elementary (District #20) Primary 411,951 4.8308 417,721 4.8751 Secondary 414,482 2.3395 420,342 2.4249 Total 7.1703 7.3000
Source:Pima County Finance & Risk Management (continued)
(continued)
Exhibit D - 10PIMA COUNTY, ARIZONAComparative Net Valuations and Tax Rates
(per $100 assessed value)(in thousands)
133
FY 2013-14 (Tax Year 2013) FY 2014-15 (Tax Year 2014)Jurisdiction Valuation Rate Valuation Rate
Sahuarita Unified (District #30) Primary 351,925$ 4.1743$ 310,071$ 4.2988$ Secondary 353,344 2.4598 311,158 2.9897 Total 6.6341 7.2885
San Fernando Elementary (District #35) Primary 1,245 5.7831 1,288 5.8244 Secondary 1,265 0 1,293 0 Total 5.7831 5.8244
Empire Elementary (District #37) Primary 7,756 1.1287 7,661 2.1687 Secondary 7,860 0 7,713 0 Total 1.1287 2.1687
Continental Elementary (District #39) Primary 303,007 1.1939 304,353 2.2575 Secondary 305,321 0.5088 307,027 0.3571 Total 1.7027 2.6146
Baboquivari Unified School (District #40) Primary 1,056 0 1,046 0 Secondary 1,056 0 1,046 0 Total 0 0
Redington Elementary (District #44) Primary 1,385 4.8200 1,405 4.7711 Secondary 1,450 0 1,453 0 Total 4.8200 4.7711
Altar Valley Elementary (District #51)1
Primary 31,278 4.8580 30,178 5.8245 Secondary 31,402 1.4096 30,503 0.9136 Total 6.2676 6.7381
Notes:1Formerly known as the Mary E. Dill School District
Source:Pima County Finance & Risk Management
(continued)
Exhibit D - 10PIMA COUNTY, ARIZONAComparative Net Valuations and Tax Rates
(per $100 assessed value)(in thousands)
134
Car RecreationalFiscal Hotel Excise Rental Vehicle
Year Tax1 Surcharges2 Tax3
2004-05 2,885$ 1,595$ 200$ 2005-06 5,212 1,589 214 2006-07 7,796 1,357 210 2007-08 6,901 1,732 222 2008-09 5,628 1,389 159 2009-10 5,637 1,521 181 2010-11 5,887 1,538 165 2011-12 6,626 1,464 146 2012-13 6,286 1,399 136 2013-14 6,276 1,390 122
Notes:
1 Tax increased from 1% to 2% January 1, 1997; the additional 1% can only be used for County sports facilities. In January of 2006, the tax increased from 2% to 6%, of which only 34% can be used for sports facilities.
2 Car rental surcharges increased from $2.50 to $3.50 per rental contract July 1, 1996. Usage is restricted to County sports facilities.
3 Recreational vehicle taxes apply at the rate of $0.50 per vehicle per night and became effective July 1, 1997. Usage of this tax is limited to athletic activities.
Source:Pima County Finance and Risk Management Department
PIMA COUNTY, ARIZONAHistorical Collections - Hotel Excise Tax
Car Rental Surcharge and Recreational Vehicle Tax Last Ten Fiscal Years
(in thousands)
Exhibit D - 11
135
Exhibit D - 12
Fiscal Highway User VehicleYear Amount Revenue License Tax
2004-05 53,878$ 41,756$ 12,122$2005-06 56,937 43,292 13,6452006-07 58,638 44,607 14,0312007-08 57,847 44,060 13,7872008-09 53,907 41,210 12,6972009-10 50,535 38,739 11,7962010-11 50,460 38,974 11,4862011-12 44,890 33,665 11,2252012-13 47,449 36,860 10,5892013-14 49,212 37,500 11,712
Source:Pima County Finance and Risk Management Department
PIMA COUNTY, ARIZONAStreets and Highways Revenue
Last Ten Fiscal Years(in thousands)
136
STATISTICAL SECTION DEBT CAPACITY: The debt capacity information is intended to assist users to understand and assess a government’s debt burden and ability to issue debt. Debt capacity information is cited as being very useful for assessing economic condition as frequently as revenue or tax capacity. Five of the schedules presented provide ten-year comparisons. Certain schedules, for example; leases, lease-purchase installment notes payable, and purchase agreements, are provided to comply with debt disclosure requirements.
Reg
iona
l G
ener
al
Flo
odT
rans
port
atio
nS
peci
alC
erti
fica
tes
Sew
er
Sew
er
Was
tew
ater
Con
trac
tsT
otal
F
isca
lO
blig
atio
nC
ontr
ol
Rev
enue
A
sses
smen
tof
Tra
nspo
rtat
ion
Cap
ital
Inst
allm
ent
Rev
enue
Rev
enue
Loa
nsan
dP
rim
ary
Yea
rB
onds
Bon
dsB
onds
Bon
dsP
arti
cipa
tion
Loa
nsL
ease
sN
ote
Pay
able
Bon
dsO
blig
atio
nsP
ayab
leN
otes
Gov
ernm
ent
2004
-05
267,
927
3,01
013
7,73
61,
093
1,94
327
,879
55,8
0983
,978
4,85
258
4,22
7
20
05-0
623
1,91
82,
230
127,
000
911
5,73
926
,426
51,7
1080
,148
4,56
253
0,64
4
20
06-0
729
0,15
01,
470
136,
541
31,7
31
3,
714
24,7
3694
,356
76,1
115,
280
664,
089
2007
-08
349,
542
725
149,
801
81,6
121,
000
23,2
2316
3,70
170
,426
5,84
284
5,87
220
08-0
938
8,03
272
513
9,68
374
,554
21,3
2718
3,38
964
,489
6,48
187
8,68
020
09-1
042
0,26
114
2,22
672
,638
19,3
8716
6,93
516
5,00
0
66
,210
6,30
51,
058,
962
2010
-11
455,
856
131,
375
48,2
3517
,775
184,
782
176,
849
27,3
904,
657
1,04
6,91
920
11-1
246
1,55
714
1,53
639
,772
16,4
3117
1,02
237
9,41
823
,719
15,3
651,
248,
820
2012
-13
467,
368
128,
604
134,
494
298
605
155,
514
510,
975
21,1
6912
,645
1,43
1,67
220
13-1
441
6,00
613
3,08
114
9,70
364
013
8,43
154
0,28
819
,680
7,94
21,
405,
771
Tot
alP
erce
ntag
eF
isca
lP
rim
ary
Per
sona
lof
Per
sona
lP
opul
atio
nD
ebt
Yea
rG
over
nmen
tIn
com
eIn
com
eat
Jul
y 11
per
Cap
ita
2004
-05
584,
227
26,3
02,0
002.
22%
940,
004
622
2005
-06
530,
644
28,4
21,0
001.
87%
959,
474
553
2006
-07
664,
089
30,8
99,0
002.
15%
977,
258
681
2007
-08
845,
872
33,0
09,0
002.
56%
984,
032
860
2008
-09
878,
680
32,8
98,0
002.
67%
984,
274
893
2009
-10
1,05
8,96
234
,974
,000
3.03
%98
1,16
81,
079
2010
-11
1,04
6,91
936
,263
,000
2.89
%98
6,08
11,
062
2011
-12
1,24
8,82
037
,000
,000
3.38
%99
0,38
01,
261
2012
-13
1,43
1,67
236
,648
,980
3.91
%99
6,04
61,
437
2013
-14
1,40
5,77
137
,867
,400
3.71
%1,
008,
400
1,39
4
Not
es:
Det
ails
reg
ardi
ng o
utst
andi
ng d
ebt c
an b
e fo
und
on p
age
65, N
ote
7 of
the
Not
es to
the
Fin
anci
al S
tate
men
ts.
1 Per
sona
l inc
ome
and
popu
lati
on s
tati
stic
s ar
e ba
sed
on c
alen
dar
year
. P
rior
yea
r da
ta u
pdat
ed to
ref
lect
new
sou
rce.
Sou
rce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
tU
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Ell
er C
olle
ge o
f M
anag
emen
t
Gov
ern
men
tal A
ctiv
itie
sB
usi
nes
s-T
ype
Act
ivit
iesE
xhib
it D
- 13
PIM
A C
OU
NT
Y, A
RIZ
ON
AR
atio
s of
Out
stan
ding
Deb
t by
Typ
e to
Per
sona
l Inc
ome
and
Per
Cap
ita
Las
t Ten
Fis
cal Y
ears
(in
thou
sand
s)
137
Per
cent
Net
Flo
od C
ontr
olD
ebt S
ervi
ceG
ener
al B
ond
Net
Gen
eral
Gen
eral
Fun
dsN
etS
econ
dary
Deb
t to
Gen
eral
Fis
cal
Obl
igat
ion
Obl
igat
ion
Ava
ilab
le f
orG
ener
alN
et A
sses
sed
Ass
esse
dP
opul
atio
nB
ond
Deb
t
Yea
rB
ond
Deb
tB
ond
Deb
tP
rinc
ipal
Bon
d D
ebt
Val
ueV
alue
at J
uly
11pe
r C
apit
a2
2004
-05
267,
927
3,
010
8,
899
26
2,03
8
5,62
0,15
64.
66%
940,
004
279
2005
-06
231,
918
2,
230
5,
571
22
8,57
7
6,05
0,95
03.
78%
959,
474
238
2006
-07
290,
150
1,
470
7,
431
28
4,18
9
6,86
9,95
54.
14%
977,
258
291
2007
-08
349,
542
72
5
10,2
41
340,
026
8,
220,
396
4.14
%98
4,03
234
620
08-0
938
8,03
2
725
10
,523
37
8,23
4
9,59
4,86
23.
94%
984,
274
384
2009
-10
420,
261
11
,396
40
8,86
5
9,86
0,98
14.
15%
981,
168
417
2010
-11
455,
856
27
,904
42
7,95
2
9,34
2,56
14.
58%
986,
081
434
2011
-12
461,
557
22
,602
43
8,95
5
8,44
8,28
25.
20%
990,
380
443
2012
-13
467,
368
22
,900
44
4,46
8
8,17
1,21
25.
44%
996,
046
447
2013
-14
416,
006
5,
326
41
0,68
0
7,62
3,69
15.
39%
1,00
8,40
040
7
Not
e:D
etai
ls r
egar
ding
out
stan
ding
deb
t can
be
foun
d on
pag
es 65-67
, Not
e 7
of th
e N
otes
to th
e F
inan
cial
Sta
tem
ents
.1 P
erso
nal i
ncom
e an
d po
pula
tion
sta
tist
ics
are
base
d on
cal
enda
r ye
ar.
Pri
or y
ear
data
upd
ated
to r
efle
ct n
ew s
ourc
e.2 D
ebt p
er C
apit
a is
sho
wn
in a
ctua
l dol
lars
and
not
in th
ousa
nds.
Sou
rce:
Pim
a C
ount
y F
inan
ce &
Ris
k M
anag
emen
tU
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Ell
er C
olle
ge o
f M
anag
emen
t
Exh
ibit
D -
14P
IMA
CO
UN
TY
, AR
IZO
NA
Rat
io o
f N
et G
ener
al B
onde
d D
ebt t
o A
sses
sed
Val
ue a
nd N
et B
onde
d D
ebt P
er C
apit
a L
ast T
en F
isca
l Yea
rs(i
n th
ousa
nds)
138
Exh
ibit
D -
14a
Tot
alS
econ
dary
Per
cent
age
Fis
cal
Ove
rlap
ping
Net
Ass
esse
dof
Ass
esse
dP
opul
atio
nD
ebt
Yea
rD
ebt
Val
ueV
alue
at J
uly
11pe
r C
apit
a2
2004
-05
1,18
5,43
55,
620,
156
21.0
9%94
3,79
51,
256
2005
-06
1,14
6,38
86,
050,
950
18.9
5%96
1,51
91,
192
2006
-07
1,10
7,66
26,
869,
955
16.1
2%1,
003,
918
1,10
320
07-0
81,
137,
114
8,22
0,39
613
.83%
1,02
6,50
61,
108
2008
-09
1,21
3,05
09,
594,
862
12.6
4%1,
048,
796
1,15
720
09-1
01,
302,
802
9,86
0,98
113
.21%
1,07
0,72
31,
217
2010
-11
1,33
5,43
19,
342,
561
14.2
9%1,
092,
369
1,22
220
11-1
21,
284,
219
8,44
8,28
215
.20%
990,
380
1,29
720
12-1
31,
311,
417
8,17
1,21
216
.05%
996,
046
1,31
720
13-1
41,
218,
736
7,62
3,69
115
.99%
1,00
8,40
01,
209
Not
e:
Ove
rlap
ping
gov
ernm
ents
are
thos
e th
at c
oinc
ide
(at l
east
in p
art)
, wit
h th
e ge
ogra
phic
bou
ndar
ies
of th
e C
ount
y. T
his
s
ched
ule
esti
mat
es th
e po
rtio
n of
the
outs
tand
ing
debt
of
thos
e ov
erla
ppin
g go
vern
men
ts th
at is
bor
ne b
y th
e re
side
nts
a
nd b
usin
esse
s of
Pim
a C
ount
y. W
hen
cons
ider
ing
the
Cou
nty'
s ab
ilit
y to
issu
e an
d re
pay
long
-ter
m d
ebt,
the
proc
ess
s
houl
d re
cogn
ize
the
enti
re d
ebt b
urde
n bo
rne
by th
e re
side
nts
and
busi
ness
es th
erei
n. H
owev
er, t
his
does
not
impl
y th
at e
very
taxp
ayer
is a
res
iden
t and
is r
espo
nsib
le f
or th
e re
paym
ent o
f de
bt o
f ea
ch o
verl
appi
ng g
over
nmen
t.
1 Per
sona
l inc
ome
and
popu
lati
on s
tati
stic
s ar
e ba
sed
on c
alen
dar
year
. P
rior
yea
r da
ta u
pdat
ed to
ref
lect
new
sou
rce.
Sou
rce:
Pim
a C
ount
y Fi
nanc
e &
Ris
k M
anag
emen
tU
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Ell
er C
olle
ge o
f M
anag
emen
t
2 Deb
t per
Cap
ita
is s
how
n in
act
ual d
olla
rs a
nd n
ot in
thou
sand
s.
PIM
A C
OU
NT
Y, A
RIZ
ON
AR
atio
of
Dir
ect a
nd O
verl
appi
ng D
ebt t
o P
rope
rty
Val
ues
and
Per
Cap
ita
Las
t Ten
Fis
cal Y
ears
(dol
lar
amou
nts
in th
ousa
nds)
139
Exhibit D - 15PIMA COUNTY, ARIZONAComputation of Direct and Overlapping
Governmental Activities Debt OutstandingAt June 30, 2014
(in thousands)
Debt AmountGovernmental Unit Outstanding Overlapping
Debt repaid with property tax:
School Districts 569,280$ 569,280$
City of Tucson 233,450 233,450
Total overlapping 802,730$
Debt repaid with property taxDirect:Pima County* 416,006$ 416,006$
Total direct 416,006$
Other Debt:
Certificates of participation 149,703$ 149,703$
Installment note payable 640 640
Transportation bonds 133,081 133,081
Total other debt 283,424$
Total direct and overlapping debt 1,502,160$
Note: Overlapping governments are those that coincide with the geographic boundaries of the County. All overlapping governments are 100% within the County's boundaries. This schedule estimates the portion of the outstanding debt borne by the residents and businesses of Pima County. When considering the county's ability to issue and repay long-term debt, the process should recognize the entire debt burden borne by the residents and businesses therein. However, this does not imply that every taxpayer is a resident of each government and is responsible for the repayment of debt of each overlapping government.
*Excludes improvement districts.
Source: Pima County Finance & Risk ManagementCity of Tucson Finance DepartmentPima Community College District Finance Office
140
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Ass
esse
d V
alu
e5,
620,
156
$
6,
050,
950
$
6,86
9,95
5$
8,22
0,39
6$
9,59
4,86
2$
9,86
0,98
1$
9,34
2,56
1$
8,44
8,28
2$
8,
171,
212
$
7,62
3,69
1$
Leg
al D
ebt
Mar
gin
D
ebt l
imit
(15
% o
f as
sess
ed84
3,02
3
90
7,64
3
1,03
0,49
3
1,23
3,05
9
1,43
9,22
9
1,47
9,14
7
1,40
1,38
4
1,26
7,24
2
1,
225,
682
1,14
3,55
4
val
ue)
D
ebt a
ppli
cabl
e to
lim
it:
G
ener
al o
blig
atio
n bo
nds
267,
270
231,
310
28
9,59
0
34
8,33
5
38
6,84
5
41
7,99
5
45
2,75
0
45
6,14
5
456,
690
40
7,27
5
L
ess:
Net
ass
ets
rese
rved
for
repa
ymen
t of
gene
ral
obli
gati
on d
ebt
(8,8
99)
(5,5
71)
(7,4
31)
(10,
241)
(10,
523)
(11,
396)
(27,
904)
(22,
602)
(22,
900)
(5,3
26)
Tot
al n
et d
ebt a
ppli
cabl
e to
the
lim
it25
8,37
1
22
5,73
9
282,
159
338,
094
376,
322
406,
599
424,
846
433,
543
43
3,79
0
401,
949
Leg
al d
ebt m
argi
n 58
4,65
2$
68
1,90
4$
748,
334
$
894,
965
$
1,06
2,90
7$
1,07
2,54
8$
976,
538
$
833,
699
$
79
1,89
2$
741,
605
$
Tot
al n
et d
ebt a
ppli
cabl
e to
the
lim
it a
s a
perc
enta
ge o
f de
bt li
mit
.30
.65%
24.8
7%27
.38%
27.4
2%26
.15%
27.4
9%30
.32%
34.2
1%35
.39%
35.1
5%
See
Not
es to
the
Fin
anci
al S
tate
men
ts (
Not
e 7
page
74)
for
cal
cula
tion
of
the
lega
l deb
t mar
gin
for
the
curr
ent y
ear.
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
Exh
ibit
D -
16P
IMA
CO
UN
TY
, AR
IZO
NA
Leg
al D
ebt M
argi
nL
ast T
en F
isca
l Yea
rs(d
olla
r am
ount
s in
thou
sand
s)
141
Plu
s:E
ndin
g ca
sh
Sew
erL
ess:
Bal
ance
s of
Pri
orF
isca
lU
ser
Ope
rati
ngA
vail
able
Fis
cal Y
ear
Ple
dged
Cov
erag
e
Yea
rR
even
ues1
Exp
ense
2N
et R
even
ue(u
nres
tric
ted)
Rev
enue
s3P
rinc
ipal
Inte
rest
Tot
alR
atio
4,5
2005
-06
105,
827
$
57
,371
$
48,4
56$
10
,053
$
5,
619
$
15,6
72$
3.09
2006
-07
103,
959
69
,597
34,3
62
13,9
57
6,34
0
20,2
97
1.69
20
07-0
810
9,26
478
,521
30,7
4313
,325
7,22
120
,546
1.
5020
08-0
910
5,98
773
,186
32,8
0114
,187
9,46
923
,656
1.
3920
09-1
012
8,06
769
,904
58,1
6320
,163
78
,326
16
,952
9,83
826
,790
2.
9220
10-1
115
1,21
274
,638
76,5
7411
,260
87,8
3417
,110
17,0
4734
,157
2.
5720
11-1
215
8,39
773
,241
85,1
5632
,806
117,
962
20,8
9521
,658
42,5
53
2.77
2012
-13
163,
512
73,5
7789
,935
99,4
9118
9,42
629
,759
28,2
4358
,002
3.
2720
13-1
418
1,55
377
,893
103,
660
128,
735
232,
395
37,0
2530
,386
67,4
11
3.45
Not
e: S
ewer
rev
enue
deb
t cov
erag
e is
pre
sent
ed w
ith
5 ye
ars
of d
ata
begi
nnin
g w
ith
fisc
al y
ear
2009
-10.
Dat
a fo
r ea
ch s
ucce
ssiv
e ye
ar w
ill b
e ad
ded
unti
l 10
year
s ar
e pr
esen
ted.
1 Incl
udes
sew
er c
onne
ctio
n fe
es.
2 Exc
lude
s gr
ants
, dep
reci
atio
n, in
tere
st e
xpen
se a
nd a
mor
tiza
tion
.3 P
ledg
ed r
even
ues
defi
ned
by B
OS
201
0-50
.4 S
ewer
rev
enue
deb
t rat
e co
vena
nts
requ
ire
min
imum
cov
erag
e of
1.2
0.5 F
or f
isca
l yea
r 20
09-2
010,
a n
ew D
ebt C
over
age
calc
ulat
ion
was
impl
emen
ted.
6 Deb
t ser
vice
req
uire
men
ts in
clud
e pr
inci
pal a
nd in
tere
st p
ayab
le d
urin
g th
e B
ond
Fis
cal Y
ear.
Per
the
bond
res
olut
ion,
Bon
d F
isca
l Yea
r is
def
ined
as
7/2/
20X
X to
7/1
/20X
X.
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
Deb
t Ser
vice
6
Exh
ibit
D -
17a
PIM
A C
OU
NT
Y, A
RIZ
ON
AR
egio
nal W
aste
wat
er R
ecla
mat
ion
Ple
dged
Sew
er R
even
ue D
ebt C
over
age
Las
t Nin
e F
isca
l Yea
rs(d
olla
r am
ount
s in
thou
sand
s)
142
Les
s:
Fis
cal
Tra
nspo
rtat
ion
Ope
rati
ngA
vail
able
Deb
t Ser
vice
1C
over
age
Yea
rR
even
ue
Exp
ense
N
et R
even
ueP
rinc
ipal
Inte
rest
Rat
io
2004
-05
57,8
19$
38,3
49$
19,4
70$
10,7
10$
6,05
8$
1.16
2005
-06
61,9
4439
,336
22,6
0811
,435
5,25
71.
3520
06-0
764
,781
42,6
3922
,142
11,7
455,
659
1.27
2007
-08
65,0
0943
,490
21,5
1912
,365
6,14
71.
1620
08-0
958
,891
38,0
8220
,809
15,1
456,
203
0.98
2009
-10
54,8
9734
,214
20,6
8310
,530
5,70
91.
2720
10-1
152
,711
34,5
5218
,159
11,0
155,
244
1.12
2011
-12
46,8
3433
,335
13,4
9912
,055
5,53
70.
7720
12-1
349
,874
35,0
4114
,833
12,4
254,
969
0.85
2013
-14
50,9
9737
,295
13,7
0213
,685
5,19
70.
73
Not
es:
Det
ails
reg
ardi
ng o
utst
andi
ng d
ebt c
an b
e fo
und
on p
ages
65-
74, N
ote
7 of
the
Not
es to
the
Fin
anci
al S
tate
men
ts.
Ope
rati
ng e
xpen
ditu
res
do n
ot in
clud
e in
tere
st, d
epre
ciat
ion
or a
mor
tiza
tion
. 1 D
ebt S
ervi
ce R
equi
rem
ents
incl
ude
prin
cipa
l and
inte
rest
pay
able
in th
e 12
mon
ths
foll
owin
g ea
ch f
isca
l yea
r.
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
Exh
ibit
D -
17b
PIM
A C
OU
NT
Y, A
RIZ
ON
AT
rans
port
atio
n R
even
ue B
onds
- P
ledg
ed R
even
ue B
ond
Cov
erag
eL
ast T
en F
isca
l Yea
rs(d
olla
r am
ount
s in
thou
sand
s)
143
Exh
ibit
D -
18P
IMA
CO
UN
TY
, AR
IZO
NA
Lea
se, L
ease
-Pur
chas
e, I
nsta
llm
ent N
ote
Pay
able
and
Pur
chas
e A
gree
men
ts
Sch
edul
ed P
aym
ents
(dol
lar a
mou
nts i
n th
ousa
nds)
Fun
ctio
n/D
epar
tmen
tF
Y 0
5-06
FY
06-
07F
Y 0
7-08
FY
08-
09F
Y 0
9-10
FY
10-
11F
Y 1
1-12
FY
12-
13F
Y 1
3-14
FY
14-
15
Cle
rk o
f S
uper
ior
Cou
rt -
Equ
ipm
ent
3
1$
8
2$
8
2$
131
$
111
$
3
7$
8
4$
3,0
42
3
,015
5,9
20
3
,027
3,0
07
3
,004
3,00
4$
3,42
7$
4221
160
$
1
61Ja
il 1
She
riff
- E
quip
men
tS
olid
Was
te -
Equ
ipm
ent
2
98
298
3,11
5$
3,11
8$
6,
002
$
3,15
8$
3,
118
$
3,04
1$
3,00
4$
3,
725
$
458
$
24
5$
Not
es:
1 Fun
ds d
eriv
ed f
rom
a s
ale/
leas
ebac
k of
the
Cou
nty'
s A
dult
Cor
rect
ions
Fac
ilit
y pr
ovid
ed f
undi
ng f
or c
onst
ruct
ion
of K
ino
Vet
eran
's M
emor
ial S
port
spar
k &
Tuc
son
Ele
ctri
c P
ark
Sta
dium
.
Sou
rce:
P
ima
Cou
nty
Fin
ance
& R
isk
Man
agem
ent
144
Ratioof Debt Service
Fiscal Total Debt Total General To GeneralYear Principal Interest Service Expenditures* Expenditures
2004-05 41,255 14,794 56,049 589,708 9.5%2005-06 48,672 18,147 66,819 640,336 10.4%2006-07 50,940 17,672 68,612 689,968 9.9%2007-08 56,459 19,757 76,216 755,413 10.1%2008-09 96,751 24,322 121,073 780,044 15.5%2009-10 83,565 24,097 107,662 730,379 14.7%2010-11 72,525 23,945 96,470 730,278 13.2%2011-12 78,390 24,762 103,152 767,261 13.4%2012-13 67,885 23,903 91,788 756,959 12.1%2013-14 112,835 26,758 139,593 806,007 17.3%
*Includes General, Special Revenue and Debt Service Funds, while excluding Capital Projects Fund.
Source: Pima County Finance & Risk Management
Exhibit D - 19PIMA COUNTY, ARIZONARatio of Annual Debt Service Expenditures for
General Bonded Debt to Total General ExpendituresLast Ten Fiscal Years
(dollar amounts in thousands)
145
(This page is intentionally blank)
146
STATISTICAL SECTION
DEMOGRAPHIC AND ECONOMIC INFORMATION: The dual objectives of the demographic and economic information are to assist users in understanding certain aspects of the environment in which a government operates and to provide information that facilitates the comparisons of financial statement data over time and across governments. Information of this type can help readers assess a government’s condition by providing information about community expansion, average age increases or decreases and changes in personal income and unemployment. This type of data is important to readers in assessing economic condition.
Exhibit D - 20
Per CapitaCalendar Personal Personal Unemployment
Year Population1 Income ($) Income ($) Rate
2005 940,004 28,573,761 30,397 4.1%2006 959,474 31,297,982 32,620 4.4%2007 977,258 33,069,716 33,839 3.3%2008 984,032 35,067,808 35,637 4.7%2009 984,274 32,977,680 33,505 7.9%2010 981,168 33,277,952 33,917 8.6%2011 986,081 34,596,360 35,085 9.1%2012 990,380 35,813,670 36,162 7.6%2013 996,046 36,648,980 36,794 7.6%2014 1,008,400 37,867,400 37,552 6.4%
Note:1Prior year statistic updated to reflect new source data
Sources:Arizona Department of Administration, Office of Employment & Population Statistics
Bureau of Labor StatisticsUA Economic and Business Research Center, Eller College of Management
PIMA COUNTY, ARIZONA Demographic and Economic Statistics
Last Ten Years
147
20
05
2006
20
0720
08
2009
Per
cent
of
Per
cent
of
Per
cent
of
Per
cent
of
Per
cent
of
Em
ploy
ees
Ran
kT
otal
Cou
nty
Em
ploy
ees
Ran
kT
otal
Cou
nty
Em
ploy
ees
Ran
kT
otal
Cou
nty
Em
ploy
ees
Ran
kT
otal
Cou
nty
Em
ploy
ees
Ran
kT
otal
Cou
nty
Em
ploy
er
Em
ploy
men
t
Em
ploy
men
t
Em
ploy
men
t
Em
ploy
men
t
Em
ploy
men
t
Uni
vers
ity o
f A
rizo
na10
,348
22.
3%10
,282
32.
3%10
,354
22.
3%10
,535
32.
3%10
,575
22.
2%
Ray
theo
n10
,300
32.
3%10
,756
22.
4%11
,184
12.
5%12
,515
12.
7%11
,539
12.
4%
Stat
e of
Ari
zona
9,75
04
2.2%
9,74
24
2.2%
9,92
73
2.2%
10,7
542
2.3%
9,32
93
1.9%
Dav
is-M
onth
an A
FB8,
727
52.
0%8,
233
51.
9%8,
233
51.
8%7,
701
51.
7%7,
509
41.
5%
Pim
a C
ount
y G
over
nmen
t6,
767
71.
5%6,
765
71.
5%7,
290
71.
6%6,
954
61.
5%6,
235
81.
3%
Tuc
son
Uni
fied
Sch
ool D
istr
ict
7,68
46
1.7%
7,62
36
1.7%
7,41
96
1.6%
8,01
84
1.7%
7,22
75
1.5%
UA
Hea
lthca
re N
etw
ork
Fort
Hua
chuc
a112
,250
113
,098
19,
119
46,
701
76,
463
7
Free
port
-McM
oran
Cop
per
5,84
09
1.3%
5,98
79
1.2%
Wal
-Mar
t Sto
res,
Inc
.4,
595
91.
0%4,
980
91.
1%5,
625
91.
2%5,
805
101.
3%6,
715
61.
4%
City
of
Tuc
son
6,75
78
1.5%
5,30
68
1.2%
5,84
88
1.3%
5,84
88
1.3%
5,63
510
1.2%
Toh
ono
O'o
dam
Nat
ion
US
Bor
der
Pat
rol
Car
onde
let H
ealth
Net
wor
k
Phe
lps
Dod
ge4,
500
101.
0%4,
123
100.
9%4,
900
101.
1%
Tot
al81
,678
18.3
%80
,908
18.2
%79
,899
17.6
%80
,671
17.6
%77
,214
15.9
%
Tot
al W
ork
Forc
e44
3,10
044
3,30
045
3,50
045
9,20
048
6,40
0
Not
es:
1 Fort
Hua
chuc
a is
loca
ted
in C
ochi
se C
ount
y bu
t is
liste
d he
re d
ue to
its
role
as
a la
rge
regi
onal
em
ploy
er.
Sour
ces:
U
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Elle
r C
olle
ge o
f M
anag
emen
t
Dat
a is
obt
aine
d fr
om w
ww
.azs
tarn
et.c
om/s
tar2
00, a
web
site
of
the
Ari
zona
Dai
ly S
tar.
(con
tinue
d)
Exh
ibit
D -
21P
IMA
CO
UN
TY
, AR
IZO
NA
Pri
ncip
al E
mpl
oyer
sC
urre
nt Y
ear
and
Nin
e Y
ears
Ago
148
(con
tinu
ed)
20
10
2011
20
12
2013
20
14P
erce
nt o
fP
erce
nt o
fP
erce
nt o
fP
erce
nt o
fP
erce
nt o
fE
mpl
oyee
sR
ank
Tot
al C
ount
yE
mpl
oyee
sR
ank
Tot
al C
ount
yE
mpl
oyee
sR
ank
Tot
al C
ount
yE
mpl
oyee
sR
ank
Tot
al C
ount
yE
mpl
oyee
sR
ank
Tot
al C
ount
yE
mpl
oyer
Em
ploy
men
tE
mpl
oym
ent
Em
ploy
men
tE
mpl
oym
ent
Em
ploy
men
t
Uni
vers
ity
of A
rizo
na10
,363
22.
1%10
,481
22.
2%10
,681
12.
3%10
,846
12.
4%11
,047
12.
4%
Ray
theo
n12
,140
12.
5%10
,500
12.
2%10
,500
22.
3%10
,300
22.
3%9,
933
22.
2%
Sta
te o
f A
rizo
na8,
708
31.
8%8,
866
31.
8%9,
061
32.
0%8,
807
41.
9%9,
439
32.
1%
Dav
is-M
onth
an A
FB
7,75
54
1.6%
8,46
24
1.7%
8,56
64
1.9%
9,10
03
2.0%
8,93
34
2.0%
Pim
a C
ount
y G
over
nmen
t6,
511
71.
3%6,
403
71.
3%6,
170
81.
4%6,
076
91.
3%7,
328
51.
6%
Tuc
son
Uni
fied
Sch
ool D
istr
ict
7,01
26
1.4%
6,70
96
1.4%
6,67
46
1.5%
6,79
06
1.5%
6,52
56
1.4%
UA
Hea
lthc
are
Net
wor
k5,
982
91.
2%5,
594
101.
2%6,
099
81.
3%6,
329
71.
4%
For
t Hua
chuc
a16,
236
86,
225
86,
198
76,
198
5,71
78
N/A
Fre
epor
t-M
cMor
an C
oppe
r5,
463
101.
2%5,
600
91.
2%
Wal
-Mar
t Sto
res,
Inc
.7,
192
51.
5%7,
308
51.
5%7,
300
51.
6%7,
450
51.
6%5,
200
101.
1%
Cit
y of
Tuc
son
5,39
99
1.1%
4,93
010
1.0%
0.0%
4,58
51.
0%4,
845
1.1%
Toh
ono
O'o
dam
Nat
ion
4,35
01.
0%4,
350
1.0%
US
Bor
der
Pat
rol
6,00
09
1.3%
6,50
07
1.4%
4,13
50.
9%
Car
onde
let H
ealt
h N
etw
ork
4,56
610
0.9%
3,66
80.
8%3,
476
0.8%
Tot
al75
,882
15.6
%75
,866
15.6
%76
,744
16.8
%96
,232
21.2
%92
,857
20.5
%
Tot
al W
ork
For
ce48
8,50
048
5,80
045
5,90
045
3,20
045
2,42
9
Not
es:
1 For
t Hua
chuc
a is
loca
ted
in C
ochi
se C
ount
y bu
t is
list
ed h
ere
due
to it
s ro
le a
s a
larg
e re
gion
al e
mpl
oyer
.
Sou
rces
: U
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Ell
er C
olle
ge o
f M
anag
emen
tD
ata
is o
btai
ned
from
ww
w.a
zsta
rnet
.com
/sta
r200
, a w
ebsi
te o
f th
e A
rizo
na D
aily
Sta
r.
Exh
ibit
D -
21P
IMA
CO
UN
TY
, AR
IZO
NA
Pri
ncip
al E
mpl
oyer
sC
urre
nt Y
ear
and
Nin
e Y
ears
Ago
149
EM
PL
OY
ME
NT
Civ
ilia
nT
otal
Lab
orU
nem
ploy
men
tT
rans
port
atio
nF
inan
cial
Yea
rP
opul
atio
n1F
orce
Rat
eM
inin
gC
onst
ruct
ion
Man
ufac
turi
ng&
Uti
liti
es2
Act
ivit
ies
2005
940,
004
437,
823
4.5%
1,40
025
,700
28,3
0059
,600
16,3
00
2006
959,
474
446,
958
3.9%
1,60
027
,900
28,1
0062
,700
17,3
00
2007
977,
258
454,
854
3.6%
1,80
026
,500
27,5
0064
,300
17,9
00
2008
984,
032
473,
344
5.7%
1,90
022
,800
27,2
0062
,700
16,8
00
2009
984,
274
486,
040
9.0%
1,70
016
,600
25,1
0058
,200
17,0
00
2010
981,
168
479,
879
9.4%
1,80
015
,000
24,0
0056
,900
17,2
00
2011
986,
081
465,
640
8.4%
1,90
014
,500
23,4
0057
,700
16,8
00
2012
990,
380
459,
349
7.4%
2,10
014
,400
23,4
0057
,800
16,8
00
2013
996,
046
449,
958
7.0%
2,30
015
,300
23,2
0058
,800
17,0
00
2014
1,00
8,40
045
2,42
96.
4%2,
300
15,0
0023
,100
59,0
0017
,200
Not
es:
1 Pri
or y
ear
stat
isti
c up
date
d to
ref
lect
new
sou
rce
data
2 Cat
egor
y fo
rmer
ly k
now
n as
Tra
de &
Ser
vice
s w
as r
edef
ined
and
rec
ateg
oriz
ed a
s T
rans
port
atio
n &
Uti
liti
es.
Sou
rces
: U
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Ell
er C
olle
ge o
f M
anag
emen
tB
urea
u of
Lab
or S
tati
stic
s
All
Em
ploy
men
t dat
a is
pre
sent
ed a
s no
t sea
sona
lly
adju
sted
. L
abor
For
ce, U
nem
ploy
men
t and
Sec
tor
Em
ploy
men
t for
201
4 re
pres
ent t
he a
vera
ge th
roug
h Ju
ly 2
014.
Exh
ibit
D -
22P
IMA
CO
UN
TY
, AR
IZO
NA
Pop
ulat
ion
and
Em
ploy
men
tL
ast T
en C
alen
dar
Yea
rs
150
Fis
cal
Air
craf
tN
o. o
f A
irB
usR
ider
sR
esid
enti
alM
ulti
ple
Sal
es V
olum
eY
ear
Mov
emen
tsP
asse
nger
sR
ider
ship
Per
Mil
eB
ldg.
Per
mit
sL
isti
ngs
In $
000
's
2005
261,
037
3,92
8,77
315
,847
,429
2.00
12,1
0317
,039
3,90
8,05
420
0628
9,44
04,
251,
710
17,1
79,2
752.
1811
,903
16,6
304,
462,
020
2007
263,
910
4,28
4,88
017
,857
,865
2.21
6,26
513
,821
3,75
7,53
620
0824
0,32
94,
474,
352
19,4
91,3
762.
274,
171
10,7
182,
810,
383
2009
190,
445
3,77
7,05
721
,648
,350
2.46
2,36
410
,472
2,24
5,64
420
1016
9,78
03,
696,
875
20,4
83,7
092.
222,
340
12,4
712,
457,
147
2011
164,
152
3,72
1,78
519
,746
,774
2.18
2,40
011
,545
2,03
3,70
220
1214
5,96
73,
663,
982
19,9
71,2
302.
152,
062
13,4
362,
211,
369
2013
138,
851
3,42
1,30
020
,352
,101
2.16
3,71
313
,587
2,52
8,60
920
1413
8,48
33,
222,
251
19,7
13,4
492.
062,
040
13,3
792,
648,
443
Sou
rces
: U
A E
cono
mic
and
Bus
ines
s R
esea
rch
Cen
ter,
Ell
er C
olle
ge o
f M
anag
emen
tT
ucso
n A
irpo
rt A
utho
rity
Pim
a A
ssoc
iati
on o
f G
over
nmen
tsT
ucso
n A
ssoc
iati
on o
f R
ealt
ors,
Mul
tipl
e L
isti
ng S
ervi
ce, I
nc.
Rea
l Est
ate
Tra
nspo
rtat
ion
Exh
ibit
D -
23P
IMA
CO
UN
TY
, AR
IZO
NA
Tra
nspo
rtat
ion
and
Rea
l Est
ate
Las
t Ten
Fis
cal Y
ears
151
Aggregate No. of Dwelling Change in Commercial BankFiscal Retail Units Real Estate DepositsYear Sales1 Awarded2 Sales Volume (in Thousands)
2005 9,743,114,411$ 10,521 26% 9,013,000$ 2006 10,805,508,246 11,644 12% 10,134,0002007 11,530,620,493 8,522 -19% 10,497,0002008 11,865,697,195 5,237 -34% 10,765,0002009 11,583,359,104 3,221 -25% 10,855,0002010 10,439,448,418 2,129 9% 11,134,0002011 10,640,206,904 1,938 -21% 11,265,0002012 11,440,377,170 2,242 8% 11,501,8222013 12,010,672,344 2,841 13% 12,173,3452014 12,317,085,212 3,491 5% 12,980,645
Notes:1Aggregate Retail includes total taxable sales from the following categories: Retail, Restaurant & Bar, Food, and Gasoline.
2 Beginning with calendar year 2011, the number of dwelling units awarded includes both single family and multiple family unit structures combined.
Sources: UA Economic and Business Research Center, Eller College of ManagementTucson Association of Realtors, Multiple Listing Service, Inc.Federal Deposit Insurance Corporation
Exhibit D - 24PIMA COUNTY, ARIZONAEconomic Indicators by Calendar Year
Last Ten Calendar Years(dollar amounts in thousands)
152
Exhibit D - 25
Age Group Population
0-4 62,2815-9 62,552
10-14 63,36915-19 70,21820-24 78,68925-29 67,91930-34 62,81935-39 58,56940-44 59,57245-49 56,81750-54 65,53855-59 66,16360-64 62,41265-69 55,27770-74 41,69875+ 74,549
Total 1,008,442
POPULATION PROJECTIONS
YearProjected
Population
2015 1,022,0792016 1,037,2322020 1,100,0212025 1,172,5152035 1,312,1012045 1,447,403
Source:Arizona Department of Administration, Office of Employment & Population Statistics
ESTIMATED POPULATION BY AGE
PIMA COUNTY, ARIZONA Population Statistics
June 30, 2014
153
Exhibit D - 26
Fiscal Average Jail
Year Population 1
2005 2,0092006 2,0282007 2,0082008 1,9132009 1,8262010 1,6362011 1,6872012 1,9262013 2,0372014 2,061
Note:1 Prior Year's data updated to reflect updated source
Source: Pima County Sheriff's Department, Corrections Bureau
PIMA COUNTY, ARIZONA Average Annual Jail Population
Last Ten Fiscal Years
154
STATISTICAL SECTION OPERATING INFORMATION: The objective of the operating information is to provide contextual information about a government’s operations and resources to assist users in using financial information to understand and assess a government’s economic condition. Two types of information are considered important:
1. Basic information about infrastructure assets, utilities, and public works; in essence, the capital resources at the government’s disposal. Examples include miles of streets and sewers and wastewater treatment volume.
2. Descriptive service information, which would help to evaluate the size of the
government. This would include types of services, the related demand and volume, and the non-financial resources employed to provide the services.
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Func
tion
/Pro
gram
Gov
ernm
enta
l act
ivit
ies1,
2
Gen
eral
gov
ernm
ent
2,95
22,
911
2,77
62,
860
2,68
42,
870
2,85
02,
473
2,32
12,
805
Pub
lic s
afet
y1,
434
1,40
11,
442
1,56
01,
491
1,48
81,
529
1,54
01,
468
1,52
5H
ighw
ays
and
stre
ets
351
526
334
330
311
264
262
274
265
258
San
itat
ion
045
4140
3433
2324
331
Hea
lth40
841
440
840
439
742
241
240
417
431
9W
elfa
re20
2322
2629
3227
377
397
8C
ultu
re a
nd r
ecre
atio
n16
418
046
648
548
046
746
165
233
144
2E
duca
tion
and
eco
nom
ic o
ppor
tuni
ty25
028
917
918
618
417
417
013
314
411
2
Tot
al g
over
nmen
tal a
ctiv
ities
5,57
95,
789
5,66
85,
891
5,61
05,
750
5,73
45,
877
5,10
35,
500
Bus
ines
s-ty
pe a
ctiv
ities
Reg
iona
l Was
tew
ater
Rec
lam
atio
n344
966
847
250
850
748
848
153
141
343
8
Was
tew
ater
Man
agem
ent-
Sol
id W
aste
442
00
00
00
00
0
Pim
a H
ealth
Sys
tem
& S
ervi
ces5
631
634
559
563
451
422
421
00
0D
evel
opm
ent S
ervi
ces
116
156
153
128
7366
6659
5260
Par
king
Gar
ages
33
33
32
23
33
Tot
al b
usin
ess-
type
act
iviti
es1,
241
1,46
11,
187
1,20
21,
034
978
970
593
468
501
Tot
al6,
820
7,25
06,
855
7,09
36,
644
6,72
86,
704
6,47
05,
571
6,00
1
Not
es:
1 Inte
rnal
ser
vice
fun
d's
FTE
s w
ere
adde
d to
the
Gen
eral
Gov
ernm
ent f
unct
ion
in F
Y 2
004-
2005
. 2 V
aria
nces
can
be
note
d in
the
Gov
ernm
enta
l Act
ivit
ies
cate
gori
es d
ue to
a c
hang
e in
cla
ssif
icat
ion
crit
eria
in F
Y 2
004-
200
5 as
wel
l as
due
to e
mpl
oyee
s be
ing
adde
d to
the
Lib
rary
Dis
tric
t fro
m th
e C
ity
of T
ucso
n on
Jul
y 1,
200
6.
5 Var
ianc
es c
an b
e no
ted
in th
e B
usin
ess
Act
ivit
ies
cate
gori
es d
ue to
the
clos
ure
of K
ino
Hos
pita
l whi
ch r
esul
ted
in th
e ab
sorp
tion
of
som
e K
ino
empl
oyee
s in
to P
ima
Hea
lth S
yste
m &
Ser
vice
s. P
ima
Hea
lth S
yste
ms
& S
ervi
ces
was
sub
sequ
ently
sol
d an
d th
e de
part
men
t clo
sed.
4 In F
Y 2
005-
2006
Was
tew
ater
Man
agem
ent-
Sol
id W
aste
was
cla
ssif
ied
as a
gov
ernm
enta
l fun
d. I
t now
app
ears
und
er th
e ca
tego
ry "
San
itat
ion"
.
3 Pre
viou
sly
know
n as
Was
tew
ater
Man
agem
ent -
Liq
uid
Was
te.
Full-
tim
e em
ploy
ees
(FT
Es)
as
of 6
/30:
Exh
ibit
D -
27P
IMA
CO
UN
TY
, AR
IZO
NA
E
mpl
oyee
s by
Fun
ctio
nL
ast T
en F
isca
l Yea
rs
155
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Prog
ram
:
Sher
iff Ph
ysic
al a
rres
ts32
,501
30,6
8633
,929
32,7
9633
,571
27,9
4624
,108
24,8
4125
,451
24,3
94
Tra
ffic
vio
lati
ons/
cita
tion
sC
rim
inal
Tot
al
4,14
83,
170
3,92
75,
967
6,42
26,
417
4,30
44,
205
4,29
15,
691
Civ
ilT
otal
37,8
6827
,846
30,2
0441
,542
49,8
1741
,800
32,2
7032
,445
33,8
3734
,466
Tot
al v
iola
tion
s/ci
tati
ons
42,0
1631
,016
34,1
3147
,509
56,2
3948
,217
36,5
7436
,650
38,1
2840
,157
Was
tew
ater
Avg
. dai
ly s
ewag
e tr
eate
d (
MG
D)1
65.5
66.4
68.5
67.3
67.8
65.4
62.7
62.3
60.9
60.2
New
con
nect
ions
11,2
458,
325
8,73
44,
452
1,47
71,
950
1,41
21,
355
1,85
61,
804
Cul
tura
l and
Rec
reat
iona
l2,3
Spri
ng tr
aini
ng a
tten
danc
e14
6,73
915
5,37
714
2,77
316
0,62
610
3,40
784
,520
N/A
20,8
5021
,944
N/A
Side
win
ders
att
enda
nce
165,
441
171,
179
153,
595
143,
611
58,8
79N
/AN
/AN
/AN
/AN
/ASo
ccer
att
enda
nce
N/A
N/A
N/A
N/A
N/A
N/A
N/A
36,0
0121
,942
36,7
23
Park
s &
Rec
reat
ion
Ath
leti
c fi
eld
perm
its
issu
ed12
913
514
114
714
916
816
122
826
332
6C
omm
unit
y ce
nter
adm
issi
ons
388,
092
391,
295
438,
051
445,
137
403,
887
351,
692
339,
550
347,
379
306,
841
327,
257
Vol
unte
er h
ours
23,7
8517
,218
25,7
0019
,622
25,7
5614
,321
12,1
6810
,787
8,21
311
,366
Lib
rary V
olum
es in
col
lect
ion
1,43
0,69
01,
390,
792
1,39
5,84
91,
429,
365
1,42
5,23
51,
427,
089
1,41
4,92
81,
326,
375
1,25
7,82
11,
193,
357
Tot
al v
olum
es b
orro
wed
6,24
9,12
36,
276,
794
6,37
1,48
06,
874,
888
7,40
9,82
07,
517,
692
7,19
9,80
97,
557,
865
6,09
8,21
64,
521,
039
Num
ber
of c
ardh
olde
rs47
4,04
548
8,25
049
2,97
355
4,33
951
6,78
052
6,17
045
2,40
043
4,84
140
5,41
940
5,50
7
Cap
ital
Pro
ject
s C
ompl
eted
Lan
d42
,755
,555
$
16
,646
,964
$
37,4
02,6
83$
18
,619
,333
$
59,9
22,7
98$
36
,953
,802
$
5,65
5,26
4$
13,0
75,7
19$
6,
947
$
4,
335,
540
$
B
uild
ings
42,9
16,9
202,
018,
849
66,0
95,1
0017
,591
,833
14,3
36,5
3611
,994
,142
57,8
76,0
095,
008,
707
33,3
13,9
968,
595,
432
Impr
ovem
ents
5,07
1,60
83,
568,
917
21,9
44,3
994,
673,
301
9,02
8,25
11,
921,
052
6,36
6,25
84,
287,
186
12,8
37,8
7320
,436
,143
Infr
astr
uctu
re7,
476,
315
76,9
50,9
0829
,146
,482
72,9
25,8
5722
,733
,535
14,1
60,6
2024
,259
,854
46,4
63,0
5313
,291
,580
108,
053,
960
98,2
20,3
98$
99,1
85,6
38$
154,
588,
664
$ 11
3,81
0,32
4$
106,
021,
120
$ 65
,029
,616
$
94,1
57,3
85$
68
,834
,665
$
59,4
50,3
96$
14
1,42
1,07
5$
Not
es:
1 MG
D:
Mil
lion
s of
Gal
lons
per
Day
2 Side
win
ders
att
enda
nce
7/08
thro
ugh
9/08
; beg
inni
ng in
fis
cal y
ear
2008
-09,
the
team
is n
o lo
nger
in T
ucso
n3 Fo
r fi
scal
yea
r 20
10-1
1 th
ere
wer
e no
Spr
ing
Tra
inin
g ga
mes
in T
ucso
n
Fisc
al Y
ear
Exh
ibit
D -
28PI
MA
CO
UN
TY
, AR
IZO
NA
Ope
rati
ng I
ndic
ator
s by
Pro
gram
Las
t Ten
Fis
cal Y
ears
156
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Pro
gram
:
She
riff S
tatio
ns6
67
77
77
77
7 Z
one
offi
ces
55
44
44
44
2 2
Pat
rol u
nits
276
303
302
324
323
361
355
358
305
354
Tra
nspo
rtat
ion
(str
eets
and
hig
hway
s)
Str
eets
(m
iles)
11,
782
1,
798
1,
801
1,
893
1,
893
1,
893
1,
892
1,
897
1,
905
1,
854
Pot
hole
rep
air2
926,
828
$
964,
051
$
1,15
0,95
0$
1,32
1,03
4$
1,
257,
087
$
-
$
2,82
2,77
0$
1,49
3,53
1$
1,46
2,81
0$
1,
767,
246
$
Floo
d C
ontr
ol
Ban
k pr
otec
tion
(mile
s)3
138
138
139
140
140
140
141
- -
175
Floo
d pl
ain
/ dra
inag
e w
ay (
acre
s)4
10,5
58
10,6
22
10,8
40
10,9
99
11
,053
11
,966
12
,027
13
,210
13
,645
16,5
38
Par
ks &
Rec
reat
ion
Urb
an p
arks
(ac
res)
2,41
92,
885
2,93
22,
991
2,88
12,
881
2,89
83,
012
3,14
33,
147
Pla
ygro
unds
3436
4141
3838
3940
4041
7378
8490
8585
8686
8789
1414
1617
1717
1818
1820
99
911
88
1111
1111
Bas
ebal
l/sof
tbal
l dia
mon
ds5
Soc
cer/
foot
ball
fiel
ds
Com
mun
ity
cent
ers
Swim
min
g po
ols
/ spl
ashp
ads
89
99
99
1010
1010
Was
tew
ater
San
itary
sew
ers
(mile
s)3,
249
3,31
43,
464
3,49
23,
462
3,47
23,
476
3,44
03,
448
3,46
2
Tre
atm
ent c
apac
ity (
MG
D)6
81.5
087
.45
92.4
590
.00
91.5
094
.26
97.7
697
.06
97.0
495
.04
Lib
rari
es7
C
ount
y12
1225
2626
2626
2626
27C
ity12
13N
/AN
/AN
/AN
/AN
/AN
/AN
/AN
/A
Ope
n S
pace
Acq
uisi
tions
Pro
pert
ies
adde
d7
1718
95
94
61
3A
cres
13,9
421,
235
3,66
875
714
,753
5,39
027
559
51,
416
823
Cum
ulat
ive
acre
age
31,7
1332
,948
36,6
1637
,373
52,1
2657
,516
57,7
9158
,386
59,8
0260
,625
Tot
al p
rope
rtie
s32
4967
7681
9094
100
101
104
Not
es:
1 Ann
exat
ion
by o
ther
juri
sdic
tions
res
ulte
d in
a d
ecre
ase
of T
rans
port
atio
n (S
tree
ts a
nd H
ighw
ays)
.2 P
otho
le r
epai
r fi
gure
s w
ere
unav
aila
ble
in F
Y 2
010.
3 No
soil
cem
ent b
ank
prot
ectio
n pr
ojec
ts in
201
2 an
d 20
13.
4 Reg
iona
l Flo
od C
ontr
ol D
istr
ict m
aint
aine
d ac
reag
e on
ly.
5 2005
Bas
ebal
l/sof
tbal
l dia
mon
ds a
djus
ted
afte
r de
part
men
t rev
iew
.6 O
n Jan.
3, 2
012
capa
city
was
red
uced
whe
n th
e T
own
of M
aran
a ob
tain
ed o
wne
rshi
p of
the
Mar
ana
Was
tew
ater
Tre
atm
ent F
acili
ty.
7 On
July
1, 2
006,
the
Pim
a C
ount
y L
ibra
ry D
istr
ict a
ssum
ed c
ontr
ol o
f th
e op
erat
ions
of
all C
ount
y lib
rari
es.
Fisc
al Y
ear
Exh
ibit
D -
29P
IMA
CO
UN
TY
, AR
IZO
NA
Cap
ital
Ass
ets
and
Infr
astr
uctu
re b
y P
rogr
amL
ast T
en F
isca
l Yea
rs
157
(This page is intentionally blank)
158